Sri Lanka sells US$235mn in floating rate bonds

ECONOMYNEXT – Sri Lanka has sold 235 million US dollars of floating rate bonds for settlement on January 21, with one year bills being sold most, data from the state debt office showed.

The debt office sold 233 million dollars of 12-month bonds, at 358.64 basis points above the 6-month London Interbank Offered Rate.

The debt office also sold 2.0 million dollars of 2-year 3-month bonds at 417.5 basis points above the London Interbank Offered Rate.

The date of settlement is January 21, 2016. (Colombo/Jan19/2016)

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