Sri Lanka, Oct. 16 -- The government seeks 100 million US dollars through a domestic dollar bond issuance next week, retaining the option to triple the offer if investor demand proves favourable.

The issuance will feature one, two, and three-year maturities for eligible foreign currency holders, overseas investors, and financial institutions.

According to the offer document dated October 12, the initial 100 million US dollar offering permits upsizing by an additional two times based on market response, raising potential proceeds to 300 million US dollars.

Subscriptions open at 9:00 a.m. on October 19 and close at noon on October 23, with settlement scheduled for October 30.

The auction will determine government borrowing costs across ...