March 18, 2010 / 12:45 PM / 10 years ago

Sri Lanka sells $92 mln dollar bonds-cenbank

COLOMBO, March 18 (Reuters) - Sri Lanka issued $92 million in dollar-denominated development bonds, the central bank said on Thursday, to finance its interim budget over the first four months of 2009.

The bank had hoped to raise $100 million.

Its public debt department accepted $37 million worth of bids for two-year bonds with a yield of six-month LIBOR plus 3.80 percent and $55 million worth of bids for three-year bonds with a yield of six-month LIBOR plus 3.95 percent, the central bank said.

The bank received total bids of $134 million, having expected to raise $50 million from each tenure.

($1=113.98 rupees)

Reporting by Shihar Aneez and Ranga Sirilal; Editing by John Stonestreet

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