Sri Lanka sells Rs16.8bn in 10-year bonds at auction

ECONOMYNEXT – Sri Lanka has sold Rs16.8 billion rupees of 09 year and 11 month bonds at an auction Wednesday at a weighted average yield of 12.52%, the debt office said in a statement.

It got bids worth almost Rs110 billion for the bonds offered at an annual coupon rate of 11.50%.

The debt office also sold Rs17 billion of 08 year bonds with a yield of 12.24% for which it got bids of Rs59 billion.

It also sold Rs15.5 billion worth 04 year and 06 month bonds at a yield of 11.76% after getting bids of Rs74 billion.
(COLOMBO, August 25, 2016)

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