brand logo

Staggering Rs. 142 bn Treasury Bonds sold

29 Jun 2022

   
  • Central Bank offered three bonds worth Rs. 150 bn 
  • Wijewardena says numbers are good considering current situation
  • Admits he expected auction might fail to attract bids
    By Imesh Ranasinghe   The Central Bank of Sri Lanka (CBSL) has managed to sell Rs. 142 billion worth of Treasury Bonds on Tuesday (28) after offering Rs. 150 billion, which is a good development considering the country’s economic situation, according to former CBSL Deputy Governor W.A. Wijewardena.  According to a statement from the Public Debt Department (PDD) of CBSL, the auction, which offered 2025, 2028, and 2031 bonds at coupon rates of 17% and 18% per annum, received a total number of bids amounting to Rs. 278 billion. The PDD has sold Rs. 52.25 billion in bonds maturing on 1 June 2025, at a 23.77% weighted average yield after offering Rs. 60 billion. The total bids received were Rs. 75.78 billion. This bond is offered on tap until 30 June. Additionally, Rs. 30 billion in bonds maturing on 15 January 2028 were sold at 21.18%, and Rs. 60 billion in bonds maturing on 15 May 2031 were sold at 20.74%, after receiving a staggering Rs. 147.11 billion in bids. Wijewardena opined that he had thought the auction would fail to attract many bids, considering the crisis Sri Lanka is in at the moment, but the auction was able to perform well by allowing the interest rates to go up by 2%.  On a similar auction held on 30 May, bonds maturing on 1 June 2025 were sold at 22.38%, and 15 January 2028 bonds at 21.86%.

Kapruka

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Automobile, Mother and Baby Products, Clothing, and Fashion. Additionally, Kapruka offers unique online services like Money Remittance, Astrology, Medicine Delivery, and access to over 700 Top Brands. Also If you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.Send love straight to their heart this Valentine's with our thoughtful gifts!

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Automobile, Mother and Baby Products, Clothing, and Fashion. Additionally, Kapruka offers unique online services like Money Remittance, Astrology, Medicine Delivery, and access to over 700 Top Brands. Also If you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.Send love straight to their heart this Valentine's with our thoughtful gifts!


More News..