Sri Lanka’s public debt management office sold a further Rs 2,500 million of Treasury bills on tap on Friday, taking the total raised across the week to Rs 88.983 billion, EconomyNext reported.
The bills went at average rates of 9.44 percent and 9.95 percent. The debt office sold a six-month bill at 9.44 percent and a twelve-month bill at 9.95 percent. Total market subscription was Rs 2,500 million — exactly the amount sold, leaving no excess demand at those rates. Settlement is dated 30 October.
The week still closed below what was offered
A tap sale lets the debt office keep selling bills after an auction has closed, at the rates the auction set. This one followed Wednesday’s auction, at which the office raised Rs 86.48 billion of three-, six- and twelve-month bills after offering Rs 100 billion.
The two figures reconcile: Rs 86.48 billion at auction plus Rs 2.5 billion on tap gives the Rs 88.983 billion week total EconomyNext reports. That leaves the week roughly Rs 11 billion short of the Rs 100 billion the office had put on the table three days earlier — a shortfall the tap sale narrowed but did not close.
Treasury bills are the government’s main short-term borrowing instrument, and the weekly auction is the clearest routine signal of what domestic investors will lend the state and at what price. An auction that does not clear its full offer indicates buyers were unwilling to take the remainder at the yields on offer.
Not reported
EconomyNext’s filing does not break the Rs 2,500 million down between the six- and twelve-month maturities, and does not say why no three-month bill was tapped even though that maturity was offered at Wednesday’s auction. It gives no weighted average yields for the auction itself, and no comparison with the previous week’s rates.
Readers should note that “Sri Lanka sells extra RsXbn Treasury bills after auction” is a near-weekly EconomyNext headline; this report concerns the tap sale settled on 30 October 2026 specifically.