Sri Lanka sells $250mln of 12-month development bonds

ECONOMYNEXT – Sri Lanka’s central bank sold 250 million US dollars of 12-month development bonds at a Weighted Average Margin over 6-month LIBOR floating rate of 438.01 basis points, the public debt office said.

It rejected bids for 02-year, 03-year and 05-year development bonds at the auction, a statement said.

(Colombo/June 13 2016)

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