Govt. raises $ 172.4 m via development bonds

Reuters: Sri Lanka raised $172.37 million from the sale of dollar-denominated development bonds on Thursday, the Central Bank said.

The Government accepted $78.1 million in bids for 19-month bonds at six-month LIBOR plus a floating rate of 349.47 basis points (bps) after receiving bids worth $118.10 million, the Central Bank said in a statement.

It also accepted bids worth $94.27 million in 29-month bonds at six-month LIBOR plus a floating rate of 373.83 after receiving $101.27 million in offers.

The Government had offered a total $100 million for the issue in both tenures.