The Central Bank has received local and foreign bids worth $196.25 million, slightly less than the required amount of $200 million, a 2-year maturity Sri Lanka Development Bonds (SLDBs), the Bank said on Tuesday.
Of these bids, the Bank said the government has decided to accept $184.25 million of 2 year SLDBs at the market determined rate of $6 month LIBOR + 5.40 per cent (weighted average margin). Currently the $6 month LIBOR rate is 1.88 %. The statement said the offer was opened on March 2 with the settlement on March 16.
The statement didn’t specify whether these were the bonds that have been offered to the Sri Lanka Diaspora as announced recently by the Bank.
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