Tuesday 28 June 2016

Sri Lanka sells lower than offered volumes of bonds, yields drop

ECONOMYNEXT - Sri Lanka has sold lower than offered volumes 23.9 billion rupees of 2 to 8 year bonds at Monday's auction at around market rates, data from the state debt office showed, ahead of a coupon maturity on July 01. 

At an auction on June 27, 1.8 billion rupees of 2-year 10 month bonds maturing on 01.05.2019 were sold at 11.55 percent after offering 7.0 billion rupees, lower than the 11.90 levels the in the market. 

The debt office sold 12.14 billion rupees of 4-year bonds maturing on 15.12.2020 at an average yield of 11.93 percent, around the market rate of 12.00 percent. 12.1 billion rupees of bonds were sold after offering 7.0 billion rupees. S

ix year bonds maturing on 01.01.2022 sold to yield 12.03 percent. The debt office offered 7.0 billion rupees and sold a sharply lower 2.55 billion rupees. 

Nine year bonds maturing on 15.03.2025 were sold to yield 12.63 percent, a little higher than the market yield of around 12.45 percent for similar maturities. 

The debt office sold 7.4 billion rupees of bonds, after offering 6.0 billion rupees. The bond have to be settled on July 01. An estimated coupon maturity of over 40 billion rupees is due on July 01. 

No comments:

Post a Comment