Sri Lanka sells 3-year bonds at 17.05-pct

Mar 11, 2008 (LBO) – Sri Lanka has raised 400 million rupees from 3-year bonds at a average price of 17.05 percent, the government’s debt office said. The government offered one billion rupees of 2011A series bonds maturing on February 15, 2011 which carry a coupon rate of 14.5 percent at Tuesday’s auction.

The debt office was also selling bonds after the auction at the average yield, dealers said.

Earlier on Tuesday March 13, 2009 were traded around 18.05 to 18.15 percent. The 15.1.2010 bond was traded around 18.00/18.03 percent dealers said.

In the overnight market rates dropped to 13.5 percent after opening at 15.00 amidst high liquidity.

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