The issue of Sri Lanka development bonds amounting to US$100 million has been concluded with $82.86 million of bids received from investors today (Tuesday), the Central Bank (CB) announced.
The bank received $55.9 million bids for the 1 year 8 months bond and accepted $54.4 million worth bids at a weighted average fixed rate of 5 per cent.
It has accepted $25.46 million from $.26.96 million worth bids received for the 3 years 8 months bond at a weighted average fixed rate of 5.75 per cent.
The offer of the development bonds denominated in US dollars was opened from September 5 to 11 for bidding with the settlement on September 17.
The funds are to meet development spending, roll over existing debt and pay interest, CB sources said.
The cabinet approved issuing $3 billion (about Rs. 456 billion) worth of Sri Lanka development bonds and to borrow up to another $2 billion by issuing International Sovereign Bonds.
The government will go early to the market this year with the issue of International Sovereign Bonds and not wait till mid-year like in 2017, a senior CB official said.
This year, there are no maturing sovereign bonds while about $2.5 billion of SLDBs will mature this year, leaving room to raise another $500 million, he said.
The government has to pay $600 million in interest on dollar bonds this year. (Bandula)
A Thai woman walking topless in Arugam Bay town has been arrested by the Police.
The UK government has unveiled a package of reforms to simplify imports from developing countries which allows for more garments manufactured in Sri Lanka to enter the UK tariff-free.
The Cabinet has approved a proposal for Sri Lankans overseas to apply for their passports through an online system via the Lankan diplomatic missions.
Ajith Gallage, the owner of a Bird Park in Nagarawawa, Hambantota, has been remanded over allegations of concealing illegally imported motorcycles, in a warehouse owned by him.
A passenger attempting to smuggle the largest quantity of gold of 35 kilo grams was arrested by the Customs at the Bandaranaike International Airport (BIA) today, a senior official said.
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