According to Central Bank data, the issue of US$ 100 million Sri Lanka Development Bonds (SLDBs) was undersubscribed on Tuesday, with only US$ 36.7 million in bids received.
On behalf of the government, the Central Bank offered a total of US$ 100 million in 7-month, 1-year, 2-year, and 3-year tenor bonds to eligible investors for subscription at a fixed rate decided by competitive bidding for all maturities.
The issue was offered from June 21 to June 25, with a June 30 settlement date.
The highest bid received was US$ 30.19 million of bids for the 10 months maturity and the Central Bank has accepted US$ 29.57 million at a Weighted Average Fixed Rate of 7.40%.
The 1 year 10 months bonds received US$ 1.80 million worth bids and the bank accepted the entirety of bids with a Fixed Rate of 7.65%.
The 2 year 10 months bonds received US$ 4.72 million worth bids and the bank accepted the entirety of bids with a Fixed Rate of 7.99% and the 3 Years 7 Months bonds received US$ 0.26 million of which the Bank accepted US$ 0.15 million with a fixed rate of 7.68%.
The government was able to raise only US$ 36.24 million from the auction. (Colombo Page)
More News: