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Wednesday May 12th, 2021
Bonds & Forex

Sri Lanka sells 10.4 billion rupees of bonds

ECONOMYNEXT – Sri Lanka has sold 10.4 billion rupees of 2023 and 2028 bonds at an auction Friday, after offering 45 billion rupees, data from the state debt office showed, leaving 73 percent unsold.

The debt office sold 7.14 billion rupees of bonds maturing on September 01, 2023, at 6.30 percent after offering 25 billion rupees.

The debt office also sold 3.3 billion rupees of bonds maturing on July 01, 2028 after offering 15 billion rupees.

The auction has to be settled on April 15.

There are no maturing bonds, but market participants estimate around 15 billion rupees of coupon payments are due on the date.

The central bank now has 903 billion rupees of Treasuries in its portfolio most of it acquired in the process of triggering the current balance of payments crisis, which began around March 2020.

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