Sri Lanka’s borrowing costs flat

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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