Sri Lanka sells US$458mn in fixed and floating rate bonds
ECONOMYNEXT – Sri Lanka has sold $458 million of fixed and floating rate dollar-denominated bonds after calling offers to sell $225 million of bonds for settlement on January 23.
At least $233 million of floating rate bonds are maturing on January 21.
The debt office sold $225 million of fixed rate bonds at an average rate of 4.2611 percent and $30 million of floating rates bonds at 300 basis points above the London Interbank Offered Rate.
The $85 million of floating rate bonds were sold for 335 basis points above Libor.
A $118 million tranche of 3-year, 2-month bonds were sold at 375.55 basis points above Libor. (Colombo/Jan20/2016)