Sri Lanka’s Bank of Ceylon to sell Rs8.0bn 5, 8-year bonds
ECONOMYNEXT – Sri Lanka’s state-run Bank of Ceylon said it is offering 8.0 billion rupees of 5 and 8 year bonds which will pay fixed and floating rates.
Type A 5-year bonds will pay 8.25 percent every year, Type B will pay 8.0 percent quarterly, giving an effective yield of 8.24 percent.
Type C 5-year bonds will pay a floating rate 1.25 percent basis points above the 6-month gross Treasury bill yield every six months.
Type D 8-year bonds will pay a fixed rate of 9.50 percent. Type, also 8-year bonds will pay a floating rate of 125 basis points above the 6-month Treasury bill yield. (Colombo/Sept17/2015)