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Treasury bill rates creep up

Sri Lanka's borrowing costs rose at this week's treasury bill auction, as against the previous week's sale, the Central Bank said Wednesday. Sri Lanka's borrowing costs rose at this week's treasury bill auction, as against the previous week's sale, the Central Bank said Wednesday. The bank re-issued Rs. 10,745 million worth of bills but accepted only Rs. 7,029 million from the market.

The auction was oversubscribed with bids worth Rs.
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18,195 million.

The island's Central Bank bought Rs. 1.8 billion worth of bills and retired Rs.
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1,916 million.

Investors will pay for the bills they purchase on Dec. 9.

 

Maturity Bids received Amount accepted Weighted avg. yield
(Rs. mn) (Rs. mn) This week Last week
Three months 10,768 5,232 10.08 10.05
Six months 2,185 525 10.28 10.25
One-year 5,242 1,272 10.34 10.31
Total 18,195 7,029 10.14 10.11
(Source: Central Bank)

-LBO Newsdesk: LBOEmail@vanguardlk.com

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