Sri Lanka sells Rs80bn in 7 and 15-year bonds near market
Jul 12, 2018 18:39 PM GMT+0530 | 0 Comment(s)
ECONOYNEXT - Sri Lanka has sold 35 billion rupees of 7 year bonds and 45 billion rupees of 15 year bonds at yields near the secondary market, data from the debt office shows.
7-year, 2-month bonds maturing on 15.10.2025 were sold at a weighted average yield of 10.53 percent.
In the secondary market, bonds maturing on 01.08.2025 were quoted around 10.55/65 percent before the auction, dealers said.
15-year, 6-month bonds maturing on 15.01.2033 were sold at a weighted average yield of 10.88 percent.
Indicative quotes for similar maturities were around 10.90/11.10 percent, dealer said.
There was an estimated 90 billion rupees of maturing bonds, and only 80 billion rupees were rolled over. (Colombo/July12/2018)