Sale of government bonds in Sri Lanka at interest rate of 5.875%

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Source: Bloomberg
Sri Lanka sold USD1 billion of 10 year government bonds at an interest rate of 5.875%. The money received will be used to help boost the economy and there already are USD 10.5 billion of subscriptions. Furthermore, past debts could be repaid, the USD500 million of securities with an interest rate of 8.25% that were issued in 2007.
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