Southern Tip

Ishara S. Kodikara | AFP | Getty Images Sri Lanka Prime Minister Ranil Wickremesinghe, center, speaks to supporters at the prime minister's official residence in Colombo on December 16, 2018, after he was reappointed as prime minister by Sri Lanka's president, the same man who fired him from the job nearly two months ago.

Tuesday
quote s auction saw yields for two, three and four years come under the hammer.

rnrnThe bank offered and accepted Rs. 2.000 bn two-year notes carrying a 12.50 percent coupon. The issue was oversubscribed with bids amounting to Rs. 9.350 bn. The weighted average yield slipped 148 basis points to 14.16 percent (with tax).

rnrnThree-year bonds of Rs. 1.500 bn carrying a 12.25 percent coupon were offered and accepted. The issue was oversubscribed with Rs. 3.925 bn bids. The weighted average yield shed 47 basis points (with tax) to 14.79 percent.

rnrnThe bank offered and accepted Rs. 1.500 bn four-year bonds carrying a coupon rate of 12.00 percent. But the issue was oversubscribed with Rs. 3.523 bn. The weighted average yield lost 24 basis points (with tax) to 15.23 percent.rn