CB raises $ 62 m more via fresh SLDBs

Tuesday, 17 November 2020 01:48 - - {{hitsCtrl.values.hits}}

Central Bank (CB) said yesterday it raised $ 62 million afresh via Sri Lanka Development Bonds (SLDBs) on top of $ 24.8 million last week.

In a statement, the CB said the most recent SLDB auction held from 10 to 13 November 2020 with settlement on 18.11.2020 enabled to raise $ 24.82 million. At the said auction, maturities offered varied from one-year and two months to four years and two months and were offered at a fixed rate of 6.69% to 6.82%. "Subsequent to the said auction due to renewed interest/investor appetite for SLDBs, further investment of $ 62 million was raised by close of business yesterday at the Weighted Average Fixed Rates determined for respective maturities on offer at the above auction, with settlement of such investments on 18.11.2020," the statement added.

“Accordingly, an aggregate amount of $ 86.82 million was raised in all four maturities in comparison with the total offered amount of $ 75 million,” the statement added.

SLDBs are offered by the Government of Sri Lanka and denominated in United States Dollars ($).

The CB said The Daily FT yesterday reported that the original $ 75 million SLDB issue last week was undersubscribed by 66%.