Sri Lanka sells 2-yr bond at 9.79-pct, 9-yr bond at 10.63-pct

ECONOMYNEXT- Sri Lanka sold a 2-year bond and a 9-year bond at close to market rates at Thursday’s auction which will be settled on June 17, data from the state debt office showed.

The Public Debt Department sold 30 billion rupees of a 2-year bond maturing on 15.10.2021 at a weighted average yield of 9.79 percent in the primary auction.

The newly issued bond closed trading on Thursday in the secondary market at 9.75/80 percent, dealers said.

A closely maturing 15.12.2021 bond had opened at 9.75/85 percent before the auction and had closed flat on Thursday.

The state debt office sold 40 billion rupees of a 9-year bond maturing on 15.03.2028 at a weighted average yield of 10.63 percent at the auction.

The bond closed trading at 10.60/70 percent in the secondary market.

A closely maturing 01.08.2028 bond closed at 10.65/75 percent.

A 15.06.2027 bond closed at 10.60/70 percent, identical to the new bond, dealers said. (Colombo/Jun14/2019)






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