Thursday, 23 May 2019 06:00

CB raises $ 165.5 m via SL Development Bonds

Issuance of $ 200 m SLDBs $ draws $ 196 m worth of bids

The Central Bank (CB), on behalf of the Government, has raised $ 165.5 million via the latest issuance of Sri Lanka Development Bonds (SLDBs) from $ 196 million worth of bids received.

The multi-tenor with fixed and floating interest rate SLDB issuance was for $ 200 million.

Central Bank had opted for the entirety of bids worth $ 36.30 million received for two year two months floating rate offering at Weighted Average Margin (%) over six-month LIBOR (Floating) of 3.20%, $ 36.2 million on two year 11 months floating rate option at Weighted Average Margin (%) over six-month LIBOR (Floating) of 3.48% and $ 35 million on three year 11 months floating rate offering at Weighted Average Margin (%) over six-month LIBOR (Floating) of 3.93% and $ 12 million from $ 13.5 million bids for one year eight months floating rate option at Weighted Average Margin (%) over six-month LIBOR at 3.53%.

It also accepted $ 28.3 million out of $ 43.8 million bids received for two year two months fixed rate option at Weighted Average Fixed Rate of 5.87% and $ 17.69 million out of $ 30 million received for one year eight months fixed rate offering at Weighted Average Fixed rate of 5.93%.

In January, the first-ever SLDB issue for 2019 worth $ 200 million went undersubscribed with $ 181.73 million bids received. However the Central Bank accepted $ 179.73 worth of bids.

(FT)

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