Sri Lanka sells Rs90bn 5 and 10-year bonds
ECONMYNEXT – Sri Lanka has sold 90 billion rupees of 5 and 10-year bonds at an auction Monday, data from the state debt office showed.
The debt office sold 50 billion rupees of 4-year, 9-month bonds at a weighted average yield of 10.51 percent, after offering the same amount.
Similar bonds were quoted at 10.42/50 levels are the auction and at 10.40/48 percent levels before the auction, dealers said, indicating that the auction was conducted close to the market.
The debt office also sold 40 billion rupees of 9-year 9-month bonds maturing on 15.05.2028 at an average yield of 10.72 percent.
A close maturity of 01.09.2028 was quoted at around 10.58/78 percent, dealers said.
The auction has to be settled on June 01, 2028.
An estimated 90 billion rupees of bonds were maturing on that date and about 20 billion in coupon payments. (Colombo/May29/2018)