CB to issue US$150 mn development bonds

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.

original post news.lk