Issuance of SL Development Bonds worth USD 100Mn. begins today
Sri Lanka Central bank announced that it plans to sell US$ 100 million worth of development bonds to foreign and local investors.
The Public Debt Department of Central Bank will issue US$ 100 million in Sri Lanka Development Bonds of 1 year 1 month and 2 years 11 months tenor.
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 May 22 to 28.