Sri Lanka calls offers for US$75mn floating rate notes
ECONOMYNEXT – Sri Lanka has called offers for floating rate dollar denominated with tenures as short as 13 months, the state debt office said.
Styled ‘Sri Lanka Development Bonds’, the securities are targeted at the domestic market, but could be bought by resident or non-resident investors.
The bond pay a coupon based on the 6-month London Interbank Offered Rate.
The debt office invited offers for 1 year 1 month and 2 year 9 month bonds.
This year higher volumes of short term bonds have been offered.