Sri Lanka sold US$ 229.02 million in dollar-denominated three-year development bonds, the Central Bank said yesterday, to retire maturing similar securities used for development financing.
The government offered $150 million worth of bonds, an offer that was oversubscribed 1.5 times with total bids received amounting to $229.02 million, the Central Bank said in a statement.
In view of the high demand by the investors, the government decided to accept $229.02 million ... (at) rates of US dollar six-month LIBOR +410 basis points, the bank said.
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