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Sri Lanka sells US$700mn dollar in 3 and 4-year bonds

ECONOMYNEXT – Sri Lanka has sold 700 million US dollars dollar denominated bonds 693.89 million dollars in 2-year 10-month bonds, data from the state debt office showed.

Sri Lanka sold 693.89 million US dollars of 2-year, 10-month bonds at a weighted average fixed rate of 5.25 percent and 6.11 million US dollars of 3-year 10-month bonds at a rate of 5.52 percent.

The debt office called offers for 700 million dollars of bonds in three tenors. None of the 63.21 million dollars in bids were accepted for 4-year 10-month bonds.

There were 829.60 million dollars of bids for 2-year 10-month bonds and 44.11 million dollars for 3-year 10-months. (Colombo/June24/2018)

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