Sri Lanka bond yields fall

Sept 03, 2009 (LBO) – Sri Lanka bond yield have fallen around 30 t0 40 basis points over the past week with high trading volumes and expectations of purchases by foreign buyers, dealers said. A 6-year bond maturing on 15.03.2015 which was quoted around 12.55/57 percent Tuesday from around 12.83/85 a week earlier.

A 4-yar bond maturing in 01.02.2013 which was quoted around 12.47/choice today, down from 12.82/87 percent a week earlier.

There was heavy trading of about 5.0 billion rupees on the bond, dealers said.

A 3-year bond maturing on 01.04.2012 which traded around 12.80/85 last Tuesday was quoted at 12.35/40 this week.

A 2-year bond maturing in 01.03.2011 which was quoted around 12.35/40 percent last
week was quoted Tuesday at 12.05/10 percent levels.

Next Tuesday Sri Lanka’s public debt office is offering 500 million rupees each of 03 year 9 month bonds (8.50 percent coupon), 04 year 10 month bonds (11.25 percent coupon) and 05 year 11 month bonds (11.0 percent coupon).