ECONOMYNEXT - Sri Lanka has sold 30 billion rupees of 3 and 8 year bonds, the debt office said, amid falling interest rates and slowing credit and improving budgets in the economy.
The debt office sold 8.0 billion rupees of 2 year 11 month bonds maturing on 15 December 2020 at a weighted average yield net of tax of 9.55 percent.
On 01 November 2017, 2-year bonds were auctioned at 9.92 percent.
It also sold 22 billion rupees of 8 year 5 month bonds maturing on 01 June 2026 at a yield of 10.06 percent.
On 01 November 2017 8-year bonds were sold at 10.33 percent.
Sri Lanka is now emerging from a balance of payments crisis and the credit cycle is slowing with an improving budget deficit and slower private credit, allowing the central bank to collect forex reserves.
The debt office sold 8.0 billion rupees of 2 year 11 month bonds maturing on 15 December 2020 at a weighted average yield net of tax of 9.55 percent.
On 01 November 2017, 2-year bonds were auctioned at 9.92 percent.
It also sold 22 billion rupees of 8 year 5 month bonds maturing on 01 June 2026 at a yield of 10.06 percent.
On 01 November 2017 8-year bonds were sold at 10.33 percent.
Sri Lanka is now emerging from a balance of payments crisis and the credit cycle is slowing with an improving budget deficit and slower private credit, allowing the central bank to collect forex reserves.
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