Sri Lanka sells 5-year dollar bonds for 5.65-pct

ECONOMYNEXT – Sri Lanka has sold 20.2 million US dollars of 5-year securities styled Sri Lanka Development Bonds at a fixed rate of 5.6563 percent and 20 million 4-year bonds at 5.5575 percent, the state debt office said.

The tradable bonds are mostly targeted at domestic banks and investors qualified to hold dollar assets.

The debt office also sold 7.5 million dollars of 2-year fixed rate bonds at 5.2 percent. The settlement is on May 01.

The debt office called offers for 100 million dollars of bonds.

It got bids of 7.56 million dollars for 2 year fixed bonds. It also got 95.77 million dollar in bids for 2-year floating and, and 218 million dollars for 3 year floating, which were not accepted. There were no bids for 3 year fixed rates.

There were 30 million dollars of orders for the 4-year bonds and 30.02 million dollars for 5-year bonds. (Colombo/Apr30/2018)

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