The issue of Sri Lanka Development Bonds (SLDBs) for US$ 150 million has been oversubscribed with total bids received amounting to US$ 380.73 million, the Central Bank said on Wednesday.
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The Central Bank on behalf of the government offered to issue of US$ 150 million 3 months, 6 months, 1 year and 2 years tenor to eligible investors for subscription at a rate of either US Dollar 6 month LIBOR plus a margin (floating rate) or at a fixed rate to be determined through competitive bidding.
The issue was open for subscription from 16 to 23 March.
The Central Bank has accepted $ 10.33 million in 3 months bonds after receiving bids worth $ 10.33 million at a fixed rate of weighted average margin over six month LIBOR of 472.12 basis points and $ 38.88 million at a floating rate of weighted average margin over six month LIBOR of 407.14 basis points.
The 6 months bonds received bids amounting to $ 54.0 million and accepted $ 52.0 million at a floating rate of 414.23 basis points.
The Bank accepted all bids of $ 203.46 million received in 1 year bonds at a floating rate of 439.20 basis points and $ 40,000 at a fixed rate of LIBOR plus 525.00 basis points.
The 2 year bonds received bids amounting to $ 72.02 million and accepted $ 71.0 million at a floating rate of 448.73 basis points.
The bonds have a settlement date of 28 March 2016.
www.ft.lk
The Central Bank on behalf of the government offered to issue of US$ 150 million 3 months, 6 months, 1 year and 2 years tenor to eligible investors for subscription at a rate of either US Dollar 6 month LIBOR plus a margin (floating rate) or at a fixed rate to be determined through competitive bidding.
The issue was open for subscription from 16 to 23 March.
The Central Bank has accepted $ 10.33 million in 3 months bonds after receiving bids worth $ 10.33 million at a fixed rate of weighted average margin over six month LIBOR of 472.12 basis points and $ 38.88 million at a floating rate of weighted average margin over six month LIBOR of 407.14 basis points.
The 6 months bonds received bids amounting to $ 54.0 million and accepted $ 52.0 million at a floating rate of 414.23 basis points.
The Bank accepted all bids of $ 203.46 million received in 1 year bonds at a floating rate of 439.20 basis points and $ 40,000 at a fixed rate of LIBOR plus 525.00 basis points.
The 2 year bonds received bids amounting to $ 72.02 million and accepted $ 71.0 million at a floating rate of 448.73 basis points.
The bonds have a settlement date of 28 March 2016.
www.ft.lk
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