Lanka seeks to raise $220m thru’ inflation-linked bond
Afp, Colombo
Sri Lanka has issued its first-ever inflation-linked bond intended to raise 22 billion rupees (220 million dollars), the central bank said Friday. The three-year bond carries a rate of 11.2 percent in the first year. The coupon rate is pegged at one percentage point above the country's annual inflation for the remaining two years, the Central Bank's Acting Superintendent of Public Debt, M. Hemachandra, said in a statement The bonds were placed Wednesday with two state-owned banks, a central bank source said. The official inflation rate stood at 12.1 percent in November after ballooning to 18 percent last January.
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