High Demand at Sri Lanka’s First Treasury Bond Auction Under New Government

Date:

October 12, Colombo (LNW): The Central Bank of Sri Lanka (CBSL) announced a significant demand at the government’s first treasury bond auction, held yesterday (11), aimed at raising Rs. 95,000 million for the new administration. The auction saw bids totaling Rs. 277,896 million, far exceeding the initial target.

Treasury bonds worth Rs. 70,000 million, maturing in 3 years and 5 months (from 15.10.2024 to 15.03.2028), saw an overwhelming demand, with bids amounting to Rs. 215,738 million. Additionally, there was a demand of Rs. 62,158 million for bonds worth Rs. 25,000 million that will mature in 8 years (from 15.10.2024 to 01.10.2032).

Despite the high demand, the CBSL’s Public Credit Department confirmed that only Rs. 95,000 million worth of bonds would be accepted from the auction. The bonds with a 3-year maturity will pay an annual interest rate of 10.75%, while those maturing in 8 years will have an interest rate of 9%.

Share post:

spot_imgspot_img

Popular

More like this
Related

THE JOHN KEELLS COLLAPSE: How Sri Lanka’s Mightiest Empire Built a Rs. 210 Billion or US $ 700Mn DEBT House of Cards

EXCLUSIVE: The Devastating Inside Story of John Keells Holdings'...

Hatton National Bank PLC and Nucleus Software Collaborate to Enhance Transaction Banking Experience with FinnAxia®

Sri Lanka- 30th July,2025: HNB PLC, one of Sri Lanka’sleading and most forward-looking financial...

McLarens, which excels in its support for badminton, undertakes the weight of another international competition.

For several years, the Sri Lankan badminton sport has...