Friday 20 January 2017

Sri Lanka sells US$458mn in fixed and floating rate bonds

ECONOMYNEXT - Sri Lanka has sold 458 million US dollars of fixed and floating rate dollar denominated bonds after calling offers to sell 225 million US dollars of bonds for settlement on January 23.

At least 233 million dollars of floating rate bonds are maturing on January 21.

The debt office sold 225 million US dollars of fixed rate bonds at an average rate of 4.2611 percent and 30 million dollars of floating rates bonds at 300 basis points above the London Interbank Offered Rate.

The 85 million dollars of floating rate bonds were sold for 335 basis points above Libor.

A 118 million dollar tranche of 3-year, 2-month bonds were sold at 375.55 basis points above Libor.

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