Sri Lanka 12-month Treasuries up, other bids rejected

Oct 15, 2014 (LBO) – Sri Lanka’s 12-month Treasuries yield increased 11 basis points to 6.00 percent at Wednesday’s auction while the state debt office rejected bids for other maturities.

The debt office which is a part of the island’s central bank has accepted 14.74 billion in 12-month treasury bills after offering 8.00 billion in total for rollover.

The debt office said it offered 500 million rupees in 3-month bills, 2.5 billion rupees in 6-month bills and 5.0 billion rupees in 12-month bills.