Sri Lanka sells Rs47.7bn in 2 to 10 year bonds, yields up

ECONOMYNEXT – Sri Lanka has sold 47.7 billion rupees of 2 to 10 year bonds accepting near announced volumes in all maturities with yields edging up, data released by the state debt office showed.

The debt office sold 12.86 billion rupees of 2-year 4-month bonds maturing on 15.10.2018 to yield 11.83 percent after offering securities worth 10 billion rupees, 11.6 billion rupees of 5-year 4-month bonds maturing on 15.10.2021 to yield 12.48 percent after offering 15.0 billion.

On May 19, 15.11.2018 bonds were sold at 11.75 percent.

It also sold 14.1 billion rupees of 7-year 7-month bonds maturing on 01.01.2024 to yield 12.77 percent (up 37 basis points from May 19), after offering 12.0 billion and 8.1 billion rupees of 10 year bonds maturing on 01.06.2026 to yield 12.98 percent (up 16bp from May 19) after offering 8.1 billion rupees.

On May 10, 01.01.2024 bonds were sold at an average yield of 12.40 percent and 01.06.2026 bonds were sold at 12.82 percent.

The bonds have a settlement date of 01 June 2016. (Colombo/May27/2016)

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