Sri Lanka sold 176.62 billion rupees in Treasury bonds at Wednesday’s auction across four maturities, falling short of the 250 billion rupees on offer, the Public Debt Management Office reported.
All 80 billion rupees of the 01 August 2030 bond (LKB00530H016) were sold at an average yield of 10.16 percent, and all 50 billion rupees of the 15 June 2034 bond (LKB00934F154) were taken at an average yield of 11.24 percent. Of the 70 billion rupees offered in the 15 August 2036 bond (LKB01136H151), 46.62 billion rupees were sold at an average yield of 11.40 percent. No bids were accepted for the 15 August 2039 bond.
The 01 August 2030 and 15 June 2034 bonds remain available on tap for further subscription. Yields on the shorter and mid-tenor instruments edged higher compared with Tuesday’s settlement around 322 to the dollar, reflecting modest tightening in primary-market pricing as the rupee continued to weaken and EconomyNext reported a Tuesday spot close near 323.25/75 against the US dollar.
The auction follows last week’s Treasury bill tap that brought weekly Rs. 108bn issuance and arrives during a stretch of CBSL liquidity management through forex swaps. The unfilled 2039 maturity points to investor caution on long-dated paper as yield curve uncertainty persists.
Sources: EconomyNext — Sri Lanka sells Rs176.6bn in 2030, 2034, 2036 and 2039 bonds.
