Sri Lanka rejects 12-month bills, rates stable on shorter tenors

ECONOMYNEXT- Sri Lanka’s state debt office rejected 12-month bills at its weekly auction on Wednesday, while yields on shorter maturities remained stable.

The average weighted yield on 3-month bills remained flat at 8.38 percent and the rate on 6-month bills was also unchanged at 8.63 percent.
The debt office raised 17.7 billion rupees through the auction, falling short of the planned 19 billion rupees.
The Public Debt Department was planning to sell 3 billion rupees in 3-month bills, 5 billion rupees in 6-month bills and 11 billion rupees in 12-month bills.
The state debt office accepted 6.8 billion rupees in 3-month bills and 10.9 billion rupees in 6-month bills.
However, it rejected the 22.9 billion rupees in bids on 12-month bills. (Colombo/Jun12/2019)

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