Sri Lanka has successfully sold an additional 13.2 billion rupees in Treasury bonds, following an auction last week, as reported by the state debt office. The bonds were sold through a tap issuance, offering bonds at the same average rates as set during the previous auction.
The auction included a bond maturing on May 1, 2028 (ISIN LKB01528E016), which was sold at a weighted average yield of 11.63%. In addition, a bond maturing on October 1, 2032 (ISIN LKB02032J017) was sold at a higher weighted average yield of 12.32%.
On Tuesday, November 12, the debt office raised a total of 132.5 billion rupees through the sale of these two bonds, continuing its efforts to manage the country’s fiscal needs amid ongoing financial challenges. The sale is part of Sri Lanka’s broader strategy to manage its debt obligations and stabilize the national economy.
Source :- ECONOMYNEXT
