The Sri Lankan government has made arrangements to issue a foreign currency denominated government bond titled "Sri Lanka Nation Building Bond" (SLNBB), Daily News reported Wednesday.

The initial issue will be for a value of 25 million U.S. dollars. The Bond will be issued to Sri Lankans who have their permanent residence overseas, Sri Lankan working community in overseas and professionals in Sri Lanka earning in foreign exchange.

The objective of SLNBB is to provide an opportunity for non- resident Sri Lankans to acquire a solid investment and thereby help building the nation.

The entire proceeds of the Bond issue will be utilized for infrastructure development in the country.

The SLNBBs are denominated in U.S. dollars, sterling pounds or euros and the minimum investment for three currencies, U.S. dollars 500, sterling pounds 250 and euros 500 and the tenure of the SLNBBs is five years.

Source: Xinhua