Sri Lanka Development Bonds issue for $125m oversubscribed nearly 3 timesStaff Writer | March 23, 2018
The issue of Sri Lanka Development Bonds (SLDBs) for $125 million has been oversubscribed with total bids received amounting to $343 million, the Central Bank said.
Asia 1 Year 6 Months, 3 Years 3 Months, and 5 Years tenor
The issue was open for subscription from 19 - 23 March 2018. The Central Bank has not accepted any of $157.8 million of bids received for the 1 Year 6 Months bond.
The bank has also received $60.9 million of bids for the 3 Years 3 Months bond and the bank has accepted $20.47 million at a floating rate of six month LIBOR plus 344.07 basis points.
The Five-year bond received bids of $124.83 million and the bank has accepted $104.53 million at a floating rate of six month LIBOR plus 402.08 basis points. The bonds have a settlement date of 28 March 2018. ■