Govt. raises $ 301 m via development bonds

Reuters: Sri Lanka raised $ 301 million from the sale of dollar-denominated development bonds on Monday, the Central Bank said.

The Government accepted $291 million in 13-month bonds at six-month LIBOR plus a floating rate of 330.97 basis points (bps) after receiving bids worth $293 million, the Central Bank said in a statement.

It also accepted $10 million out of $12 million total bids in 33-month bonds at six-month LIBOR plus a floating rate of 360 bps.

The Government had offered $75 million for the issue in both tenures.