Sri Lanka sells Rs6.5bn in 04 year bonds; 06 year bonds rejected

(L-R) MD & CIO of Global Business at KRX Doyeon Kim, President & CEO at KRX Sangwan Ahn, KRX Chairman Jiwon Jung, CSE Chairman Ray Abeywardena, SL Ambassador to South Korea Manisha Gunasekara, CSE CEO Rajeeva Bandaranaike, CSE Head of Finance and Administration Kusal Nissanka

May 12, 2015 (LBO) – Sri Lanka has sold 6.50 billion rupees of four year bonds after calling bids for five billion rupees of bonds, the state debt office said. The debt office on Tuesday sold four year bond which maturing on 01 July 2019 at weighted average yield of 8.15 percent.

The bond has received 19.60 billion rupees of bids, Central Bank debt office said.

All bids received for the six year bond which offered 5.00 billion rupees were rejected at the auction.

At the last auction held on 05 May 2015, five year bonds were sold at an average yield of 8.46 percent.