Sri Lanka 30-year bond sold at 12.5-pct

May 30, 2013 (LBO) – Sri Lanka’s maiden 30-year rupee denominated long bond was sold to yield 12.
5 percent at an auction Thursday, the state debt office said.
. The debt office which is a unit of the Central Bank offered 2.
0 billion rupees of 30 year bonds maturing on June 01, 2043 with a coupon of 9.
0 percent a year.

The auction had attracted 6.0 billion rupees in bids and the debt office had sold 3.
0 billion rupees of bond at an average yield of 12.5 percent net of tax.

Sri Lanka earlier had previously sold a 20 year bond but sporadically.