COLOMBO (EconomyNext) – Sri Lanka has sold 10-year sovereign bonds raising 650 million US dollars to yield 6.125 percent bettering the spread of US Treasuries from a similar sale in 2012, the Central Bank said.
The offer had drawn subscriptions of 3.08 times with an initial price guidance of 6.375 percent and had drawn orders of 2.0 billion dollars of orders.
At a final price of 6.125 percent the bonds had spread of 397.7 basis points above 10-year US Treasuries, the Central Bank said.
In 2012, Sri Lanka sold 10-year bonds to yield 5.875 percent, or 444 basis points above similar tenor US Treasuries, but raised a higher volume of a billion US dollars.
In 2014, Sri Lanka sold 5-year bonds at 6.0 percent and 5.1 percent.
The Central Bank said 173 investors bought the bonds, with 23 percent coming from Asia, 27 percent from Asia and 50 percent from the US.