Category: Bills & Bonds

Aug 17, 2011 (LBO) – Sri Lanka’s PABC Bank will sell 5-year bonds to raise two billion rupees to boost regulatory capital amid strong loan growth, Fitch Ratings Lanka which rated the securities ‘BBB-(lka)’ said. Pan Asia Bank itself is rated one level higher. Both are investment grade ratings. The subordinated bonds, which will be […]

Aug 11, 2011 (LBO) – Sri Lanka sold 166 million US dollars of bonds based on 6-month London Interbank Offered rate extending tenors up to 5-years mainly targeting resident investors, the government’s debt office said. Called ‘development bonds’ the floating rate debt is sold mostly to domestic banks and investors allowed to have foreign exchange […]

Aug 10, 2011 (LBO) – Sri Lanka’s Treasuries yields were flat at Wednesday’s auction with 3-month bills fetching 7. 11 percent at Wednesday’s auction, the government’s debt office said. The 6-month bills were also flat at 7. 19 percent and 12-month bills were flat at 7.25 percent. The debt office, which is a unit of […]

Aug 08, 2011 (LBO) – A 10-year Sri Lanka sovereign bond was quoted weaker Monday following a downgrade of US debt by Standard and Poor’s, though the rating agency said Asian sovereigns were safe in the short term. “However, the U.S. rating change, together with the weakening sovereign creditworthiness in Europe, does point to an […]

Aug 03, 2011 (LBO) – Sri Lanka Treasuries yields were flat across maturities at Wednesday’s auction, data from the government’s debt office showed. The 3-month yield was at 7.11 percent, the 6-month yield was at 7. 19 percent and the 12-month yield was at 7.25 percent, unchanged from the last two weeks. The debt office, […]

July 27, 2011 (LBO) – Sri Lanka Treasuries yields were flat at Wednesday’s auction with yields flat across maturities, data from the government’s debt office said. The 3-month yield was at 7.11 percent, the 6-month yield was at 7. 19 percent and the 12-month yield was at 7. 25 percent, unchanged from a week earlier. […]

July 22, 2011 (LBO ) – Sri Lanka’s banking system is braced for a flood of rupees following the sale of a billion dollar bond but Central Bank Governor Nivard Cabraal says the groundwork to temper a shock, has already been laid. Inter-bank call money rates have also edged up above 8.0 percent in recent […]

July 21, 2011 (LBO) – Strong demand for Sri Lanka’s billion dollar sovereign bond among international fund managers indicated that the country’s credit has matured in international market, Central Bank Governor Nivard Cabraal said. “It’s really a reflection of Sri Lanka’s maturity in the international markets,” Central Bank Governor Nivard Cabraal said. “In a sea […]

July 20, 2011 (LBO) – Sri Lanka has launched a sovereign bond to raise a billion dollars from global capital markets, with a ‘book building’ process starting with Asian fund managers, financial sources said. The process of ‘book building’ or taking orders from fund managers starts as Asian markets open and moves to Europe as […]

July 20, 2011 (LBO) – Yields on Sri Lankan Treasury bills stayed steady at this week’s auction, the government debt office, which is a unit of the central bank, said. The three-month yield was 7.11 percent, six-months 7.19 percent and the 12-month yield 7. 25 percent, all unchanged from the previous week. The debt office […]

July 20, 2011 (LBO) – Pricing guidance to fund managers on a billion dollar sovereign bond for Sri Lanka has been tightened from an initial 6.5 percent to around 6.3 percent amid strong demand, financial market sources said. Sri Lanka has reported lower inflation and high growth of around 8.0 percent and the government’s budget […]

July 12, 2011 (LBO) – Sri Lanka’s Treasuries yields were steady at this week’s auction with the 3-month yield flat at 7. 11 percent, the government’s debt office said. The government sold 1.0 billion rupees in 3-month bills, 6. 6 billion in 6-month bills and 7.8 billion in 12-month bills. The 6-month yield slipped 02 […]