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Sri Lanka sells US$187mn in 3-year floating rate bonds

Mar 10, 2014 (LBO) - Sri Lanka has sold 187 million dollars of 3-year bonds at a yield of 400 basis points above the London Interbank Offered Rate, the state debt office said.
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The bonds are mostly bought by Colombo-based banks and investors who are allowed to hold foreign currency assets.
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On March 10, LIBOR was 0.3318 percent, the debt office said.

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The debt office had offered 60 million US dollars of securities styled 'Sri Lanka Development Bonds' and had received bids for 3.

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1 times that amount.

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