Category: Bills & Bonds

Mar 10, 2014 (LBO) – Sri Lanka has sold 187 million dollars of 3-year bonds at a yield of 400 basis points above the London Interbank Offered Rate, the state debt office said.The bonds are mostly bought by Colombo-based banks and investors who are allowed to hold foreign currency assets. On March 10, LIBOR was […]

Mar 05, 2014 (LBO) – Sri Lanka’s short term Treasuries yields eased slightly while the 12-month yield was unchanged at 7.07 percent at Wednesday’s auction, data from the state debt office showed. The debt office sold 01 billion rupees of 3-month bills, 7.7 billion rupees of 6-month bills and 18.2 billion rupees in 12-month bills […]

Feb 25, 2014 (LBO) – Sri Lanka’s Treasures yields edged marginally down at Tuesday’s auction with the 3-month yield down 03 basis points to 6.72 percent, data from the state debt office showed. The 6-month yield fell 01 basis point to 6.89 percent and the 12-month yield fell 01 basis point to 7.07 percent. The […]

Feb 19, 2014 (LBO) – Sri Lanka’s Treasuries yields edged lower across maturities at Wednesday’s auction with the 12 month yield down 02 basis points to 6.75 percent, the state debt office said.The 6-month yield was also down 02 basis points to 6.90 percent and the 12-month yield was down 02 basis points to 7.08 […]

Jan 11, 2014 (LBO) – Sri Lanka’s short term Treasuries yields fell at Tuesday’s auction from two weeks ago, but the 12-month yield was steady from a week earlier, data from the state debt office showed.The debt office offered 12.0 billion rupees of bills for auction and accepted 20.8 billion in bids. Last week bids […]

Feb 05, 2014 (LBO) – Bids for 3 and 6 month tenors at a weekly Treasury bills auction was rejected Wednesday, but the 12-month yield fell 04 basis points to 7.10 percent. The state debt office said 15.4 billion rupees of bids were accepted for 12-month bills after offering 12.0 billion rupees of bills for […]

Jan 08, 2014 (LBO) – A 6.0 percent benchmark yield on a billion US dollar sovereign bond will help corporates seeking foreign finance this year, Standard Chartered Bank said. The bond was lead managed latest sovereign bond was managed by Citi, HSBC, Standard Chartered and UBS. Sri Lanka sold the bond following some uncertainty in […]

Jan 08, 2014 (LBO) – Sri Lanka’s Treasuries yields dropped across maturities at Wednesday’s auction with the 12-month yield falling 53 basis points to 7.42 percent, data from the state debt office showed.The 3-month yield fell 42 basis points to 7.00 percent and the 6-month yield dropped 33 basis points to 7.20 percent. The state […]

Jan 06, 2014 (LBO) – Standard and Poor’s has given a ‘B+’ rating for Sri Lanka’s sovereign bond marketed. Sri Lanka’s growth was helped by reconstruction, improving finances of state enterprises and low inflation. Bu the country had high debt, growing external borrowing and weak institutions. Sri Lanka’s Global Bond Issue Due 2019 Rated ‘B+’ […]

Jan 07, 2014 (LBO) – A sovereign bond by Sri Lanka has been rated a proposed (P)B1 by Moody’s.The agency said inflation has improved in the recent past and may remain low but the fiscal picture had to improve. “Over the longer term, the government’s credit profile would improve from more progress in fiscal consolidation […]

Jan 07, 2014 (LBO) – US based investors have bought 62 percent of a billion US dollar sovereign bond sold by Sri Lanka, a media report said.About 89 percent were bought by fund managers, 8 percent banks and 2 percent private banks. Sources close to the deal said 3.2 billion worth of bids had come […]

Jan 07, 2014 (LBO) – A billion US dollar 5-year sovereign bond sale at 6.0 percent, below yields seen in similar issues earlier is a sign of investor confidence amid turbulent markets, the state debt office said. Fund Managers were the largest investors in the transaction, representing 89 per cent, with Banks and Private Banks […]