Sri Lanka raises US$81.25m through development bonds

[COLOMBO] Sri Lanka raised US$81.25 million through two- and three-year dollar-denominated development bonds on Tuesday, the central bank said.

The government sold US$30 million two-year bonds at 6-month Libor plus 360 basis points (bps) after receiving bids worth US$45 million, while it raised US$51.25 million in three-year bonds at 6-month Libor plus 377.20 basis points.

The central bank received US$63.25 million worth of bids for three-year development bonds.

It had offered US$25 million each in two- and three-year bonds.

REUTERS