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Sri Lanka sells less than offered bonds at auction

ECONOMYNEXT – Sri Lanka has sold 96.5 billion rupees of bonds at an auction on September 11, after offering 100 billion rupees, data from the state debt office e shows.

The debt office offered 30 billion rupees of 03 year bonds maturing on October 01, 2023 and sold the full amount at 5.72 percent.

40 billion rupees of 5 year bonds maturing on February 01, 2026 were sold after offering 40 billion rupees at 6.57 percent.

The debt office offered 30 billion rupees of July 01, 2028 bonds and sold only 26.5 billion rupees, at an average yield of 7.07 percent. (Colombo/Sept12/2020)