Sri Lanka bond auction yields slip

Aug 04, 2010 (LBO) – Sri Lanka’s 4-year bond yields slipped 13 basis points to 9.40 percent and 6-year bonds fell 3 basis points to 9.65 percent and 10-year bonds were at 9.80 percent Tuesday, results released from the government debt office showed.

The government sold 1.4 billion rupees worth bonds from the 4-year bond yield, 1.1 billion rupees from the 6-year bond and 510 million rupees from the 10-year yield, after initially offering 1.0 billion for the 4-year and 6-year bonds and 500 million for the 10-year bonds.

The 01.06.2014 bond matures in 3 years and 10 months and pays a coupon rate of 6.60 percent; the 01.08.2016 bond matures in 6 years and pays a coupon rate of 6.40 percent, while the 01.08.2020 bond matures in 10 years and pays a coupon rate of 6.20 percent.