The Public Debt Department of Central Bank will issue US$ 75 million in Sri Lanka Development Bonds of 1 year, 3 years 3 months and 4 years 8 months tenor to eligible investors for subscription at a rate of either US Dollar 6 month LIBOR plus a margin (floating rate) or at a fixed rate to be determined 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 issue will be open for subscription from 08 to 15 October and has a Date of Settlement of 19 October 2015.
