Sri Lanka sells Rs32.6bn in 04 and 07 year bonds; 09 year bonds rejected

June 09, 2015 (LBO) – Sri Lanka has sold 32.6 billion rupees of four and seven year bonds after calling bids for 27 billion rupees of bonds, the state debt office said.

The debt office on Tuesday sold 16.5 billion rupees of four year bonds maturing on 01 May 2020 at weighted average yield of 8.11 percent.

A seven year bond maturing on 01 October 2022 was sold at an average yield of 8.56 percent, raising 16.1 billion rupees.

The state debt office of the Central Bank offered 9.0 billion rupees in four year bonds, 9.0 billion rupees in seven year bonds and another 9.0 billion rupees in nine year bonds.

All bids for the nine year bond was rejected.