Sri Lanka sells 3-year bonds at 10.72-pct, 8-years at 11.24-pct

ECONOMYNEXT – Sri Lanka has sold 40 billion rupees of 3 and 8-year bonds at close to market rates at an auction to be settled on April 04, data from the state debt office showed.

Sri Lanka sold 15 billion rupees of 15.03.2022 bonds, a new maturity for a weighted average yield of 10.72 percent.

A close maturity 01.10.2022 was quoted before the auction 10.70/80 percent before the auction, dealers said.

After the auction, the new bond was quoted at 10.55/70 percent with buying interest coming in, dealers said.

Sri Lanka sold 25 billion rupees of a bond maturing on 15.01.2027 at a weighted average yield of 11.24 percent.

The bond was quoted at 11.20/25 percent before the auction. After the auction it was quoted at 11.17/24 percent.  (Colombo/Apr02/2019-SB)

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