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Sri Lanka now is the hub of prosperity and growth.
You too have the opportunity to share in her good fortune.
Sri Lanka Development Bonds (SLDBs) are USD denominated Bonds, issued by the Government of Sri Lanka. These Bonds could be traded through designated agents.
What are the benefits for you?
- Returns are totally tax free in Sri Lanka
- Semi-annual interest payments
- Coupon interest rate is pegged to the 6-month USD London Inter-bank Offer Rate (LIBOR) thereby giving you an opportunity to earn interest at the market rates.
- Higher return than that of a standard deposit
- No exchange rate risk
- Opportunity to take part in developing Sri Lanka and her journey towards prosperity
Main features of the Bond
| Issuer |
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Democratic Socialist Republic of Sri Lanka |
| Currency |
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US Dollars |
| Interest Rate |
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6-month USD LIBOR + margin (negotiable) |
| Interest Payments |
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Semi annual – on the following dates
- December 29, 2009
- June 29, 2010
- December 29, 2010
- June 29, 2011
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| Minimum Investment |
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USD 100,000 & in multiples of USD 10,000 |
| Transferability |
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By Endorsement, Delivery & Registration |
| Period of Investment |
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2 Years. Maturing on June 29, 2011. |
| Eligible Investors |
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- Citizens of foreign states whether resident in Sri Lanka or outside Sri Lanka.
- Citizens of Sri Lanka who have made their permanent abode outside Sri Lanka.
- Citizens of Sri Lanka who have proceeded outside Sri Lanka to take up employment or to set up in business or in a profession.
- Citizens of Sri Lanka who have dual citizenship provided that those citizens substantiate that their permanent place of abode is outside Sri Lanka.
- Bodies corporate or unincorporate established under the laws of a country other than Sri Lanka.
- BOI companies – SLDB investment should be from their export income.
- Companies registered under the provisions of the Regulation of Insurance Industry Act. No. 43 of 2000 – funds from their Special Foreign Currency Accounts
The SLDB's are not sold in the USA or to persons residing in the USA |
| Tax |
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Income Tax paid in Sri Lanka will be reimbursed by the Issuer |
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CONDITIONS APPLY |
| For further details |
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Please contact
Nilanka on +94 011-2486344/45 or Sanjaya +94 011-2486342
At Com Bank Treasury Dealing Room
Or e-mail
nilanka_abeywickrama@combank.net
sanjaya_seneviratne@combank.net
treasury@combank.net |
Terms and Conditions | Download Application
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