ECONOMYNEXT – AS 61 million US dollar tranche Sri Lanka Development Bond styled dollar denominated local law bonds have been sold and a tap issue has been opened for post-auction sales until August 13.
The debt office called offers for 75 million US dollars of bonds at an auction to close on August 11.
The debt office sold 49.41 million dollars of one month bonds at 7.82 percent.
5.26 million dollars of 1 year 7 month bonds were sold at 7.83 percent.
0.03 million dollars of 3 year 5 month bonds were sold t 7.82 percent.
1.51 million US dollars of 4 year 11 month bonds were sold at 8.0 percent.
A post auction tap issue had been opened until August 13, 1500 hours.
In a July 30 auction, 9 month bonds were sold at 7.69 percent, 1 year 8 months 7.69 percent, 2 year 9 months 7.68 percent and 5 year bonds 7.60 percent.
Resident foreign currency bank account holders with more than 10,000 dollars could buy SLDB bonds, through their bank.
The issue could be upsized by another 75 million US dollars.
There are 151 million dollars of bonds maturing on August 15. (Colombo/Aug12/2021)