Sri Lanka bonds steady ahead of Rs98bn auction, rupee opens firmer

ECONOMYNEXT – Sri Lanka’s bond yields were steady in mid-morning trade Thursday ahead of a 98 billion rupee auction a day later, dealers said, while the rupee opened slightly firmer, dealers said.

The rupee was quoted at 182.25/50 to the US dollar in the spot market, slightly firmer from yesterday’s close of 182.40/50 to the US dollar.

Call money was 8.90/9.00 percent and gilt backed repos were around 8.95/9.00 percent.

Twelve month bills were quoted around 10.75/90 percent Thursday after the auction weighted average fell 14 basis points to 10.85 on Wednesday from a week earlier.

On Friday a 98 billion rupee bond auction has been announced for settlement on January 16.. An estimated 80 billion rupees of bonds and 8 billion rupees of coupons are due to mature on January 15, but 15 th is a holiday.

The debt office is offering 48 billion rupees of bond maturing on 15.12.2023, which is a new maturity.

Another 50 billion rupees of 01.09.2028 bonds will be issued.

The bond was quoted wide at 11.80/12.20 percent in the market, dealers said.

A bond maturing on 15.12.2021, was quoted at 11.30/35 percent Thursday in mid-mornign trade, slightly wider from 11.30/35 percent Wednesday.

A bond maturing on 15.05.2023, was quoted at 11.50/65 percent, against 11.50/55 a day earlier





A bond maturing on 01.08.2026 bond was quoted around at 11.65/11.72 from yesterday’s close of 11.62/70 percent.

A 6-year bond maturing on 15.03.2025 bond was quoted around at 11.75/11.80, higher than the 5 year bond also unchanged from yesterday’s close.



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