Sri Lanka’s borrowing costs were flat at this week’s treasury bill auction, as against the previous week’s sale, the Central Bank said Wednesday. Sri Lanka’s borrowing costs were flat at this week’s treasury bill auction, as against the previous week’s sale, the Central Bank said Wednesday. The bank re-issued Rs. 9,988 million worth of bills, but accepted only Rs. 6,824 million from the market.
The auction was oversubscribed with bids worth Rs. 17,411 million.
The island’s Central Bank bought a billion rupees worth of paper and retired Rs. 1,757 million.
Investors will pay for the bills they purchase on Dec. 16
|
Maturity |
Bids received |
Amount accepted |
Weighted avg. yield |
|
|
(Rs. mn) |
(Rs. mn) |
This week |
Last week |
|
| Three months |
10,436 |
5,061 |
10.08 |
10.08 |
| Six months |
2,006 |
619 |
10.28 |
10.28 |
| One-year |
4,969 |
1,144 |
10.34 |
10.34 |
| Total |
17,411 |
6,824 |
10.15 |
10.14 |
|
(Source: Central Bank) |
||||
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