ECONOMYNEXT – Sri Lanka called offer to sell 75 million US dollars of 1 and 3 floating rate and 5-year fixed rate dollar denominated bonds which will pay interest every six months.
Bids for the debt, styled Sri Lanka Development Bonds (SLDB), are closing on October 15, and settlement will be on October 19.
The state debt office is offering 12-month and 15-month floating rate bonds and 4-year 8-month fixed rate bonds.
In the past, the debt office had tended to accept more bids that the volume offered.
Up to August Sri Lanka has sold 1,690 million US dollars of bonds including 650 million dollars in sovereign bonds, with 1,091 million dollars of bonds (including a 500 million US dollar sovereign bond) maturing. (Colombo/Oct05/2015)