Sri Lanka bond auction yields flat

Jan 21, 2013 (LBO) – Sri Lanka’s 08 and 15-year bond yields were flat at Monday’s auction, unchanged from January 10, data from the state debt office showed, while three year bonds were sold at near secondary market rates, dealers said. Bond maturing on May 01, 2021 (8 years and 4 months) were sold to yield an average of 11.64 percent and bonds maturing on July 01, 2028 (15 years, 6 months) were sold to yield 12.25 percent the same as an auction on January 10.

A 03 year and 05 month bond maturing on June 01, 2016 was sold to yield 10.98 percent. The bonds were issued after a gap of more than a year.

But dealers said three year bonds were earlier quoted around 10.95/11.00 percent in the secondary market.

The state debt office said 3.0 billion rupees of 3-year bond, 1.1 billion in 8 year bonds and 4.5 billion rupees of 15 year bonds were sold.