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CB+To+Issue+US%24150+Mn+Development+Bonds
Monday, 14 March 2016 - 12:13
CB To Issue US$150 Mn Development Bonds
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Central Bank of Sri Lanka (CBSL) has announced its plans to sell US$ 150 million worth of development bonds to foreign and local investors.

According to Public Debt Department of CBSL, these bonds will carry maturity periods of 3 months, 6 months, 1 year, and 2 years. Rates option will offer US dollar 6 months LIBOR + floating rate or a fixed rate, which will decide through competitive bidding.

Minimum investment is US$100,000 with additional investments in multiples of US$ 10,000. The bonds are exempted from income tax paid in Sri Lanka. The issuance will be open for subscription from 16th to 23rd March and has a Date of Settlement of 28th March 2016.

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