Sri Lanka Development Bonds (SLDBs) is a debt instrument denominated in US Dollars issued by the Government of Sri Lanka. Interest is paid to the holder every six months and the principal repayment is made at the end of the maturity period. Calculation of interest payments will be based on the six month London Inter Bank Offered Rate (LIBOR) for USD per annum plus a margin determined through competitive bidding at the auction.
Eligibility:
- 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
- Companies registered under the provisions of the Regulation of Insurance Industry Act. No. 43 of 2000 – funds from their Special Foreign Currency Accounts
- Citizens of foreign states whether resident in Sri Lanka or outside Sri Lanka
- Please note that SLDB's are not sold in the USA or to persons residing in the USA
- Citizens of Sri Lanka who have made their permanent abode outside Sri Lanka
- BOI companies – SLDB investment should be from their export income
Document Required:
- Personal:
- National Identiy Card Copies
- Investor data request form
- Client Registration Form
- Facsimile/ Email Authority
- KYC Form
- Lanka Secure Net Form
- Application
- Customer Agreement
- Corporate bodies:
- National Identity Copies of Directors
- Investor data request form
- Client Registration Form
- Facsimile / Email Authority
- KYC Form
- Lanka secure Net Form
- Application
- Authorized Signatories List
- Company Board Resolution
- Certificate of Incorporation
- Certified Copy of Articles of Association
- Form 1 - Registration of a Company
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