Sri Lanka sells Rs20.04bn in 2 and 6 year bonds

Apr 07, 2015 (LBO) – Sri Lanka has sold 20.04 billion rupees of two and six year bonds after calling bids for 20 billion rupees of bonds, the state debt office said.

The debt office on Tuesday sold 12.44 billion rupees of two year bonds maturing on 15 May 2017 at weighted average yield of 8.14 percent.

A six year bond maturing on 01 August 2021 was sold at an average yield of 9.40 percent, raising 7.60 billion rupees.

The state debt office of the Central Bank offered 12.50 billion rupees in two year bonds and 7.50 billion rupees in six year bonds.

At the last auction held in 30 March 2015, five year bonds were sold at an average yield of 9.07 percent and ten year bonds were sold at 10.03 percent.