Sri Lanka sells Rs3.3bn in 09 year bonds; 07 year bonds rejected

May 19, 2015 (LBO) – Sri Lanka has sold 3.29 billion rupees of nine year bonds after calling bids for two billion rupees of bonds, the state debt office said.

The debt office on Tuesday sold the bond maturing on 15 March 2025 at weighted average yield of 9.01 percent.

The bond has received 14.67 billion rupees of bids, Central Bank debt office said.

All bids received for the seven year bonds which offered another 2.00 billion rupees were rejected at the auction.

At the last auction held on 12 May 2015, four year bonds were sold at an average yield of 8.15 percent.