May 30, 2006 (LBO) – Sri Lanka’s bond market lost ground on Tuesday and continued to rise stealthily at this week’s auction, as the military began probing the massacre of 12 construction workers by Tamil Tiger rebels. The Central Bank sold Rs. 350 billion treasury bonds in three, four and five year maturities, after rejecting bids for two consecutive weeks.
Investors will pay for the securities on June 1.
Details of the auction are as follows:
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3-years |
4-years |
5-years |
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| Date of Maturity | 01-06-2009 | 01-02-2010 | 01-02-2011 |
| Coupon Rate | 7.50% | 7.20% | 7.00 % |
| Amount Offered (LKR) | 1,000 | 750 | 750 |
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Bids Received (LKR) |
2,025 | 1,635 | 1,610 |
| Amount Accepted (LKR) | 1,000 |
750 |
750 |
| Weighted Average Yield | 10.90% | 10.92% | 10.95% |
| Date of Settlement | 01-06-2006 | 01-06-2006 | 01-06-2006 |
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(Source: Central Bank) |
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