rnrnThe bond is likely to be priced at around 12 percent to 13 percent, though market players are expecting to bid at around 15.5 percent.
rnrnThe ten-year bond, the first in Sri Lanka, has whipped up a lot of enthusiasm and is likely to be snapped up by pension and insurance funds.
rnrnMeanwhile, Thursday
quote s two-year bond auction was oversubscribed with the bank receiving bids for Rs. 6.322 bn. However, the bank offered and accepted bids for Rs. 2.000 bn carrying a coupon of 12.
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50 percent.
rnrnThe weighted average yield rose to 13.91 percent as against 13.73 percent offered earlier this month.rn