Sri Lanka sells new 15-year, 2033 bonds at 10.05-pct
Jan 29, 2018 16:56 PM GMT+0530 | 0 Comment(s)
ECONOMYNEXT - Sri Lanka has sold 80 billion rupees of 5 and 15 year bonds with bonds maturing on 15 January 2033 sold at a weighted average yield of 10.05 percent, the state debt office said.
The 2033 maturity has not been sold before. After the auction the bond was quoted at 10.00/05 percent, dealers said.
The debt office which is a unit of the central bank also sold 40 billion rupees of bonds maturing on 5-year 3-month bond maturing on 15 May 2023 at an average yield of 9.44 percent.
It was last auctioned November 29, 2017 at 10.20 percent. Before the auction the bond was trading around 9.40/50 percent. After the auction it was quoted also quoted at same levels, dealers said.
The cut-off rate s kept secret in Sri Lanka.
The debt office offered 40 billion rupees each and sold 40 billion in each maturity.
It has ended misleading practice of advertising lower volumes and taking higher volumes after a massive scam which allowed insiders to make a killing. (Colombo/Jan29/2018)