Lanka Business Online

Sri Lanka rejects bids for six and 12-month bills

Dec 12, 2007 (LBO) – Sri Lanka has rejected bids for 6 and 12-month Treasury bills at Wednesday’s auction selling only 3-month bills at an average yield of 18.99 percent, up 96 basis points from last week. .Updated/Corrected last week

Dealers estimate the 3-month cut – off rate, the highest rate at which bids were accepted, to be around 19.75 percent.

Last week 12-month bills rose 89 basis points to 19.96 percent. Six months bills averaged 19.73 percent.

In the secondary market 12-month bills were trading around 20.00 percent this week.

The government offered 13.3 billion rupees of bills to the market but only sold 6.
buy cytotec online buy cytotec online no prescription

2 billion worth of 6-month bills, retiring the balance, the debt office said.

Exit mobile version