He said the three-year issue is priced at 75 basis points above the six months LIBOR.
Last December, Citigroup raised 100 million dollars for the government through a three-year syndicated loan priced at 95 basis points above the six months London interbank offered rate or LIBOR, though total issue costs may have been 125 basis points above LIBOR.
The government is also looking at issuing a 500 million dollar bond next year, by raising funds in the international market.
International rating agencies last December, assigned a speculative or junk bond rating to Sri Lanka, as the island's battle with Tamil Tiger rebels since 1972, is putting a strain on government finances.