Sri Lanka bond yields up, double the auction volume sold

ECONOMYNEXT – Sri Lanka’s longer term bond yields moved up at Friday’s auction with the government raising 39.2 billion, almost double the offered auction volume, data from the state debt office showed.

The government sold 6.0 billion rupees of 10-year bonds maturing on 15.08.2025 to yield 11.05 percent, up from 10.94 percent on December 23.

13.58 billion rupees of 14 year bonds maturing on 15.05.2030 were sold at 11.46 percent up from 11.00 percent on December 18.  Only 5.0 billion rupees of bods were offered.

19.6 billion rupees of 25 year bonds maturing on 01.01.2041 were also sold at 12.09 percent after offering only 8.0 billion rupees. The 25 year bond is a new maturity.

However bid for 5-year bond maturing on 12.12.2020 which were last sold at 9.79 percent were rejected. (Colombo/January08/2015)


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