Sri Lanka raise US$ 988 million from International Bonds Issues

Sri Lanka raise US$ 988 million from International Bonds Issues

May 29, 2015   01:17 pm

The Central Bank of Sri Lanka, today successfully launched and priced a US$ 650 million 10-year International Sovereign Bond (Issue) at a yield of 6.125 per cent per annum on 28th May 2015, CBSL said in a release.

 

On the same day, CBSL successfully issued US$ 329 million Sri Lanka Development Bonds (SLDBs) of 1 year 1 month maturity at a Weighted Average Margin (WAM) of 316.69 bps and US$ 9 million SLDBs of 2 years 11 months maturity at a WAM of 353.89 bps, over 6 months London Interbank Offered Rate (LIBOR). Accordingly, a total of US$ 988 million was raised via International Sovereign Bonds and SLDBs at a weighted average cost of 5.261 per cent per annum.

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