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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)

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