Sri Lanka sells Rs20bn in 10-year bonds

COLOMBO (EconomyNext) – Sri Lanka has sold 20 billion rupees in 10-year bonds at a weighted average yield of 10.03 percent and 5.3 billion rupees in five-year bonds at a yield of 5.07 percent, the state debt office said.

It offered 20 billion rupees in 10 year bonds at a coupon rate of 10.25 percent and five billion rupees in five year bonds at a coupon of eight percent.

The debt office received bids of 48 billion rupees for the 10 year bonds and bids of 22.8 billion rupees for the five year bonds.