Category: Bills & Bonds

Sept 01, 2008 (LBI) – Sri Lanka will sell 70 million dollars of 2-year bonds which pays interest every six months, on an auction basis for which subscriptions will open on September 08, the government’s debt office said. A 70 million US dollar ‘Sri Lanka Development Bond’ tranche is maturing on September 22, which will […]

Aug 27, 2008 (LBO) – Sri Lanka’s Treasury bills yields fell at Wednesday’s auction with 6-month bills falling 29 basis points to 18.01 percent and one year yields falling 5 basis points to 18.60 percent. The central bank said it had accepted only 6.4 billion rupees of bids from the market for 7.5 billion rupees […]

Aug 14, 2008 (LBO) – Sri Lanka’s 3-month Treasury bill yield fell 36 basis points to 16.73 percent with some bids being rejected, the government’s debt office said.Other bids were rejected. The 6-month yield fell 7 basis points to 18.37 percent with the government raising 2.1 billion rupees and the 12-month yield was flat at […]

June 23, 2008 (LBO) – Sri Lanka sold 2-year bonds worth 230 million US dollars priced at 294 basis points above the London Interbank Offered (LIBOR) rate, the government’s debt office said. At the same time 250 million dollars of old Sri Lanka Development Bonds also matured, indicating a net pay down of 20 million […]

June 11, 2008 (LBO) – Sri Lanka sold 3.3 billion rupees of 6 and 12 month bills with the yields unchanged from last week, the government’s debt office said after Wednesday’s auction.The government did not offer 3-month bills.The 6-month yield was unchanged at 18.06 percent with the government selling 2.4 billion rupees worth bills. The […]

May 30, 2008 (LBO) – Sri Lanka has removed foreign funds investing in government bonds from the scrutiny of the country’s securities watchdog, the island’s central bank said.Foreign hedge funds bought into Sri Lanka government securities heavily in the first part of 2007. But turmoil in global credit markets had made conditions in international markets […]

May 28, 2008 (LBO) – Sri Lanka is offering 200 million dollars worth bonds to resident investors next month, the government’s debt office said.The securities, called Sri Lanka Development Bonds (SLDBs), are offered on three maturities, the Public Debt Department, which is a unit of Sri Lanka’s central bank, said in a letter to market […]

May 15, 2008 (LBO) – Sri Lanka has started the process of re-selling a maturing 250 million dollar bond issue targeted at resident investors by calling for agents to market and sell the bond. Sri Lanka is expected to wrap up a 150 million dollar 3-year loan arranged by Standard Chartered Bank this month, with […]

May 14, 2008 (LBO) – Sri Lanka’s Treasury bill yields tumbled across tenors with the benchmark 3-month yield falling 54 basis points to 17.55 percent, the government’s debt office said. The debt office which is a unit of the country’s central bank said the government sold 6.0 billion rupees worth of bills out of a […]

May 08, 2008 (LBO) – Sri Lanka’s benchmark 3-month Treasury bill yields fell sharply by 42 basis points as the government sold 8.6 billion rupees out of 11.0 billion in maturing bills. At Wednesday’s auction 3-month yields fell to 18.09 percent, 6-month yields fell 35 basis points to 18.61 percent while 12-month bills fell 21 […]

May 07, 2008 (LBO) – Standard & Poor’s (S&P) has warned of the narrowing maturity of Sri Lanka’s commercial debt just as the country opened its Treasury bill market to foreign investors. “The rising share of external debt, estimated at about 49 percent of total, and within that, the proportion of more expensive and shorter-maturity […]

May 06, 2008 (LBO) – Sri Lanka has allowed foreign investors to buy short term treasury bills from Tuesday, the government’s debt office said, as global credit conditions made buyers wary of long term instruments. Sri Lanka had permitted foreign investors to buy Treasury bonds which have a maturity of one year or more in […]