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Sri Lanka development bonds oversubscribed by 3.45 times

Mar 10, 2015 (LBO) - The issue of Sri Lanka development bonds amounting to 50 million US dollars have been oversubscribed with 172.
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5 million US dollars of bids received from investors.

The central bank has accepted 156.5 million US dollars of three year bonds at a rate of 6 month US dollars LIBOR plus a weighted average margin of 377 basis points.
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The bank rejected 16.5 million US dollars of bids received for the 10 year bond offered.
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The offer was opened from 02 to 09 March for bidding with the settlement on 16 March 2015.

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