Sri Lanka Treasury bill yields drop: Central Bank

Apr 28, 2015 (LBO) – Sri Lanka’s Treasury bill yields were down at Tuesday’s auction with the 12-month yield dropping 11 basis points to 6.39 per cent, data from the state debt office showed. The debt office offered 3-month short term bills for the auction at 6.15 per cent and 9,085 million rupees were accepted from 24,341 million rupees worth bonds. It was decided to accept 5,715 million rupees from the auction of 12 month yield.

6-month yield was also down, three basis points to 6.32 per cent and 10,610 million rupees were accepted from 23,100 million rupees worth bonds.

The debt office offered 21,000 million rupees of maturing debt and the auction was oversubscribed with bids amounting to 70,516 million rupees being received.

It was decided to accept 25,410 million rupees from the auction.