The Central Bank of Sri Lanka launched an auction for the issue of Sri Lanka Development bonds for US dollars 75 million.
The CBSL noted that bids would be accepted until 10 a.m on February 19 . The 75 million US dollar development bond issue, has designated tenures of one year and one month, two years and two months and four years and four months.
The bond issue will have a floating rate arrangement of six month LIBOR for USD + Margin through competitive bidding and a fixed rate arrangement, where the fixed rate would be determined through competitive bidding.
Foreign citizens and entities, non resident Sri Lankans, Sri Lankan dual citizens, authorised dealers in foreign exchange, primary dealers in government securities, specified companies that have entered into agreement with the Board of Investment of Sri Lanka and specified insurance companies registered under the Regulation of Insurance Industry Act, are eligible to submit bids.