Sri Lanka sells Rs65bn in 2, 5 year bonds
ECONOMYNEXT – Sri Lanka has sold 65 billion rupees of bond at near market rates, data from the state debt office showed.
The debt office sold 40 billion rupees of 2-year, 6-month bonds maturing on 15.12, 2022 at a weighted average yield of 7.90 percent.
A close maturing 15.01.2023 was last auctioned on May 12 at 8.05 percent.
The debt office also sold 25 billion rupees of 4-year 11-month bonds at a weighted average yield of 8.59 percent.
Similar maturities were quoted around 8.58/65 percent before the auction.
Sri Lanka did not hold an auction on June 01, 2020 where there was a bond maturity and coupon payment, dealer said.
The debt office is now communicating ceiling rate to the market before the auction. The full offer was sold below the ceiling rate.
It is not clear whether money will be printed if bids go up. (Colombo/June03/2020)