Sri Lanka offers US$200mn in dollar bonds

ECONOMYNEXT – Sri Lanka is offering 200 million US dollars of bonds at an auction which will close on January 25.

The dollar denominated bonds styled Sri Lanka Development Banks are targeted mainly at domestic investors who are allowed to buy dollar assets.

The debt office said bids could be made for fixed or floating rates based on the 6-month London Interbank Offered Rate.

Bonds with 1-year 6-months, 2-years 6-months, 3-years 3-months and 4-years 3-months are offered. (Colombo/Jan21/2018)

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