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Sri Lanka sells $152.12 mln in development bonds

Source : REUTERS
Last Updated: Sun, Feb 17, 2013 06:51 hrs

COLOMBO, Feb 15 (Reuters) - Sri Lanka accepted all bids worth $152.12 million in dollar-denominated three-year development bonds, the central bank said on Friday.

The government accepted $152.12 million for a three-year bond at 6-month LIBOR plus 400 basis points (bps), the central bank said in a statement. It had offered $60 million for the issue.

The central bank said the offer was oversubscribed by 2.5 times.

Six-month LIBOR on Friday was at 0.4649 percent, the central bank said. (Reporting by Ranga Sirilal and Shihar Aneez; Editing by Kim Coghill)

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