Sri Lanka Development Bonds Sri Lanka - Pan Asia Banking Corporation

Higher earning with unprecedented security for your foreign currency

Enjoy guaranteed repayment by the Government of Sri Lanka, when you invest in Sri Lanka Development Bonds, as a debt instrument denominated in US dollars.

Key features & benefits

The tenor of the SLDBs are ranging from one (01) year to five (05) years
These bonds are denominated in US dollars
Interest is paid to the holders every six (06) months from the date of issue
The fixed rate of interest payable on the SLDB shall be determined through competitive bidding
Principal repayment is made at the end of the maturity period
Principal and interest on SLDBs are fully repatriable
All payments in respect of SLDBs are free from tax

Rates & fees

Please contact your nearest branch to find out more about the rates & fees for this product.
Click here to see the fees for this product

Secure investment opportunity for your dollar investments as the repayment guaranteed by the Government of Sri Lanka.

Call us today to learn what Sri Lanka Development Bonds can do for you!

Sri Lanka Development Bonds FAQs

How can I apply for Sri Lanka Development Bonds?
Please visit your nearest Pan Asia Bank branch to apply for Sri Lanka Development Bonds.
Who is eligible to invest in Sri Lanka Development Bonds?
● Authorised dealers appointed in terms of Section 4 of the Exchange Control Act, No.24 of 1953
● Primary dealers appointed by the Central Bank of Sri Lanka under the Registered Stock and Securities Ordinance, No.7 of 1937 and the Local Treasury Bills Ordinance, No.8 of 1923
● 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 unincorporated established under the laws of a country other than Sri Lanka
● Companies that have entered into agreements in terms of Section 17 of the Board of Investment of Sri Lanka Act, No.4 of 1978 with full exemption from the provisions of the Exchange Control Act provided that all purchases of SLDBs are made against debits to foreign currency accounts maintained only for the purpose of crediting earnings from exports of such companies
● Companies registered to carry on insurance business in Sri Lanka under the provisions of the Regulation of Insurance Industry Act, No.43 of 2000 provided that all purchases of SLDBs are made against debits to Special Foreign Currency Accounts maintained with commercial banks in terms of the approval of the Controller of Exchange. The SLDBs are not sold in the USA or to persons residing in the USA
What are the investment values available in Sri Lanka Development Bonds?
The minimum investment at the auction is USD 100,000. Denominations are available in multiples of USD 10,000. In the secondary market, the minimum investment is USD 10,000.