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Sri Lanka rupee steady, long tenors marginally up ahead of auction

ECONOMYNEXT – Sri Lanka rupee opened steady around 185.20/40 to the US dollar on Monday and long tenor bonds were marginally up ahead of a bond auction, dealers said.

The rupee closed at 185.25/35 to the greenback on Friday.

Bond markets were dull with long tenor slightly up ahead of a bond auction, dealers said.

A 2-year bond maturing on 15.12.2022 was quoted 6.63/68 around the same levels as 5.62/67 per cent on Friday.

A bond maturing on 15.01.2023 was quoted at 5.65/70 flat from Friday.

A bond maturing on 15.09.2024 was quoted at 6.15/30 up from 6.12/18 per cent on Friday.

A bond maturing on 01.05.2025 was quoted att 6.50/55 up from 6.38/48 per cent.

A bond maturing on 01.02.2026 was quoted at 6.65/70 up from 6.62/70 per cent Friday.

A bond maturing on 15.08.2027 was quoted at 6.95/05 up from 6.90/7.00 per cent.

A bond maturing on 01.07.2028 was quoted at 7.10/25 up from 7.08/18 per cent

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A 10-year bond maturing on 15.05.2030 was quoted 7.35/45 around the same level as 7.35/42 per cent Friday.

Sri Lanka’s debt office also announced a 75.0 billion rupees bond auction which will be held on September 28, 2020. The bond is split into 45 billion rupees at 5.75 per cent coupon rate maturing on 15.11.2022 and rest of the 30 billion rupees at 5.35 per cent maturing on 01.03.2026. (Colombo/ Sep28/2020)