Sri Lanka’s Central Bank (CBSL), on behalf of the Government, has only been able to raise US $ 165.5 million via the latest issuance of Sri Lanka Development Bonds (SLDBs) to the tune of US $ 200 million since only US $ 196 million worth of bids received, reports highlight.
In a similar move in January 2019, the first-ever SLDB issue for 2019 worth US $ 200 million went undersubscribed with US $ 181.73 million bids received. However that time the Central Bank accepted US $ 179.73 worth of bids.
This time the US $ 200 million SLDB issuance was issued in multi-tenor with fixed and floating interest rate.
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