Sri Lanka Treasuries yields steady

Directory launched in the presence of Jagath Perera, CA Sri Lanka President, Manil Jayesinghe, CA Sri Lanka Vice President, Harsha Basnayake, Ernst & Young Asia Pacific Transaction Advisory Managing Partner, Aruni Rajakarier, Chairperson of the CA Sri Lanka Women Empowerment Committee, Anoji De Silva, Alternate Chair of the Women Empowerment Committee and Dulani Fernando, CA Sri Lanka CEO

May 16, 2011 (LBO) – Sri Lanka’s Treasuries yields were steady at the weekly auction, brought forward to Monday owing to religious holidays in the next two days, according to the government’s debt office. The yield on three-months bills edged up to 7.07 percent from 7.06 percent, that on six month bills rose to 7.17 percent from 7.16 percent while the yield on one year bills stayed flat at 7.35 percent.

The government sold three billion rupees worth of three-month bills, 6.1 billion rupees of six-month bills and three billion rupees of one-year bills.

The debt office, part of the central bank, said the auction for the re-issue of 10,000 million rupees in maturing Treasury bills was oversubscribed with bids amounting to 21,563 million being received and 12,235 million rupees being accepted.