Sri Lanka sells Rs60bn in 4 and 6-year rupee bonds

ECONOMYNEXT – Sri Lanka has sold 27.6 billion rupees of 4-year bonds and 23.0 billion rupees of 6-year bonds and rejected bids for 10-year bond which were also offered, the state debt office said.

The 4-year bonds maturing on 01.07.2019 were sold at a weighted average yield of 8.19 percent.

Similar 4-year bonds were last auctioned on May 12 at 8.15 percent.  The bonds were quoted at 8.15/20 percent in the secondary market after the auction, dealers said.

The 6-year bonds maturing on 01.08.2021 were sold at an average yield of 8.87 percent.

They were quoted around 8.83/78 percent in the market.

A close maturity of 15.10.2021 bonds were last auctioned at 9.08 percent on July 15.(Colombo/July27/2015)

 

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