Sri Lanka sells US$152 million in floating rate bonds

Feb 15, 2013 (LBO) - Sri Lanka has sold 152.
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12 million US dollars of 3-year bonds to yield 400 basis points above the 6-month London Interbank Offered Rate, the state debt office said.
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The debt office which is a unit of the Central Bank offered to sell 60 million dollars of bonds styled 'Sri Lanka Development Bonds' and had received bid of 152.12 million US dollars.

The 6-month Libor rate was 0.4649 on Friday, the debt office said.

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The bonds can be bought by banks in Sri Lanka and entities who are allowed to keep foreign currency deposits.


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