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Sri Lanka sells 2-year bonds for US$115.8mn

June 19, 2009 (LBO) - Sri Lanka has sold bonds worth 115.
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8 million US dollars in an offer to roll over 50 million US dollars in 2-year bonds, raising 66 million US dollars in fresh funds, the government's debt office said.
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The bonds were sold at a weighted average margin of 497 basis points above the 6-month London interbank offered rate (LIBOR), the department of public debt, a unit of Sri Lanka's central bank said.


The Libor was 1.16 percent on Friday.

The central bank said 22 billion rupees, or 190 million US dollars had flowed into the treasuries markets over the last 10 weeks.

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The trend reflected "growing investor confidence" after Tamil Tiger separatists were wiped out, ending a 30 year conflict, the Central Bank said.

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