Sri Lanka sells Rs43.1bn in bonds

Jan 10, 2013 (LBO) – Sri Lanka has rolled over 43.1 billion rupees in bonds at average yields slightly lower than the market a day earlier, data from the state debt office showed. The debt office sold 16.3 billion rupees of 5-year bonds maturing on 2018 to yield 10.90 percent slightly lower than the 11.10 percent levels that bonds of similar maturity traded before the auction.

Dealers said after the auction 2018 bonds were quoted as low as 10.50 percent.

Ten billion rupees worth eight year bond maturing to 2021 were sold to yield an average of 11.64 percent

The debt office also sold 16.8 billion rupees of 15 year bonds maturing on 2028 to yield 12.25 percent.