ECONOMYNEXT – Sri Lanka has sold 120 billion rupees in 2030, 2034 and 2037 bonds, data from the public debt management office showed.

All offered 70 billion rupees of 01 August 2030 (LKB00530H016) bonds were sold at an average yield of 10.83 percent.

All offered 50 billion rupees of 15 October 2034 (LKB00934J156) bonds were sold at an average yield of 11.96 percent.

All offered 30 billion rupees of 01 July 2037 (LKB01237G019) bonds were sold at an average yield of 12.08 percent.

All 3 bonds are available on tap. (Colombo/Sep11/2026)

ECONOMYNEXT – Sri Lanka’s Colombo Stock Exchange closed up on Friday trading, CSE data showed, with the benchmark All Share Price Index moving up 0.12 percent.

The ASPI was up 25.00 points at 21,382.74, while the more liquid S&P SL20 was up 0.19 percent, or 11.16 points, at 6,015.08.

Positive contributors to the ASPI were Haycarb (up 5.63 percent at 211.25 rupees), Cargills (Ceylon) (up 2.07 percent at 689.00 rupees), Sampath Bank (up 0.36 percent at 140.00 rupees), and LOLC Holdings (up 1.09 percent at 465.75 rupees).

Ceylinco Holdings (down 2.34 percent at 2,856.50 rupees), John Keells Holdings (down 0.52 percent at 19.30 rupees), Commercial Bank of Ceylon (down 0.24 percent at 204.50 rupees), and Hemas Holdings (down 0.64 percent at 31.10 rupees) were top negative contributors.

Market turnover was 333 million rupees. Capital goods led turnover with 89.85 million rupees.

Galle Face Capital Partners announced it received in-principle approval from the Colombo Stock Exchange for the listing of up to 4,060,218 new ordinary shares by way of a scrip dividend for the financial year ended March 31, 2026.

The Annual General Meeting has been scheduled for September 23, 2026, with the XD date set for September 24, 2026, subject to shareholder approval, and a record date of September 25, 2026.

Shares of Galle Face Capital Partners closed down 2.45 percent at 19.90 rupees. (Colombo/September11/2026)

Fitch Ratings – Fitch Ratings has assigned Sampath Bank PLC’s (AA-(lka)/Stable) proposed Sri Lankan rupee-denominated Basel III-compliant subordinated debentures of up to LKR10 billion an expected National Long-Term Rating of ‘A(EXP)(lka)’.

The proposed debentures, which will mature in five and seven years, will be listed on the Colombo Stock Exchange. The bank plans to use the proceeds to supplement its Tier 2 capital base to maintain capital adequacy compliance as well as to support loan book growth.

The bank expects the proposed debentures to qualify as Basel III-compliant regulatory Tier 2 capital. The debentures include a non-viability clause that states they will convert to ordinary voting shares upon the occurrence of a trigger event, as determined by the Governing Board of the Central Bank of Sri Lanka.

The final rating is subject to the receipt of final documentation conforming to information already received.

Key Rating Drivers
Fitch rates the proposed Basel III Tier 2 debentures two notches below the bank’s National Long-Term Rating of ‘AA-(lka)’. This reflects Fitch’s baseline notching for loss severity for this type of debt and our expectations of poor recoveries. There is no additional notching for non-performance risks, as the proposed notes do not incorporate going-concern loss-absorption features.

Sampath’s National Long-Term Rating is used as the anchor rating for this instrument because the rating reflects the bank’s standalone financial strength and best indicates the risk of the bank becoming non-viable.

Fitch affirmed Sampath’s ratings on 17 August 2026. See our latest rating action commentary, Fitch Affirms Sampath Bank at ‘AA-(lka)’; Outlook Stable , for the key rating drivers and sensitivities.

Rating Sensitivities

Factors that Could, Individually or Collectively, Lead to Negative Rating Action/Downgrade
A downgrade of the bank’s National Long-Term Rating will lead to a downgrade of the expected subordinated debt rating.

Factors that Could, Individually or Collectively, Lead to Positive Rating Action/Upgrade
An upgrade of the bank’s National Long-Term Rating will lead to an upgrade of the expected subordinated debt rating.

ECONOMYNEXT – Sri Lanka has sold 8,000 million rupees of treasury bills offered on tap at an average rate of 9.24 percent, the public debt management office said, bringing the total of bills sold this week to 88 billion rupees.

Total market subscription was 8,000 million rupees.

The debt office sold a 6-month bill at 9.24 percent.

On Wednesday (9) the debt office raised 80 billion rupees of 3, 6 and 12 month bills.

Read more
Sri Lanka Treasury bill yields dip across longer terms, Rs80bn sold

The 3-month and 6-month bills were later offered on tap. (Colombo/Sep11/2026)

ECONOMYNEXT – Sri Lanka’s Ministry of Buddhasasana, Religious and Cultural Affairs had called for applications to fill 500 vacancies in 25 state institutions under it and received 17,000 applications, Minister Hiniduma Sunil Senevi told Parliament.

The public sector recruitment drive was to resolve labour shortages across the state institutions, he said, including the Central Cultural Fund and the Department of Archaeology.

“All 25 institutions under my ministry, including the Fund and the Department of Archaeology, are places facing severe vacancies,” Senevi said.

Recruitment is proceeding rapidly, with a large round of appointments ranging from executive grades downward recently conducted for both institutions.

The lack of recruitment over an extended period had created critical operational gaps across the cultural sector, he claimed such as a shortage of 850 watchmen in the Department of Archaeology.

Addressing staffing concerns raised regarding locations such as Gal Vihara, Senevi said the Archaeology Department mainly needs watchmen and work assistants to maintain operations.

“The closing date to recruit 500 work assistants was just the other day. Believe it or not, over 17,000 applications have been received,” Senavi said. (Colombo/Sep11/2026)

ECONOMYNEXT – A 5-day training course on the Sovereign Risk and Debt Sustainability Framework (SRDSF), held in Colombo, focused on developing the technical skills of Sri Lankan officials and international participants.

The IMF South Asia Regional Training and Technical Assistance Center (SARTTAC) organized the training on the SRDSF at the Taj Samudra from September 7 to 11, as part of the IMF’s capacity development program.

The event brings together international participants alongside officials from several Sri Lankan institutions, including the Public Debt Management Office (PDMO) and the Central Bank of Sri Lanka.

“The training focuses on enhancing participants’ technical skills to assess sovereign risks, evaluate debt sustainability, and measure the impact of macroeconomic and financing shocks on public debt, while fostering knowledge sharing and the exchange of international best practices,” the Ministry of Finance said.

Director General of Public Debt Management Office, Sri Lanka highlighted the importance of robust analytical capabilities in guiding sound, evidence-based public debt decisions.

“The training offers a vital opportunity for local officials, particularly within the PDMO to adopt international approaches to debt sustainability analysis and Sovereign risk assessment.”

The expertise gained through the training will strengthen Sri Lanka’s ability to identify and manage emerging sovereign risks within a sustainable financial framework, the ministry said. (Colombo/Sep11/2026)