The Central Bank of Sri Lanka is set to hold an auction for Treasury Bills tomorrow, with a target of raising Rs. 97 billion. This auction will offer three categories of Treasury Bills based on their maturity periods, aimed at meeting the government’s short-term financing needs.
The breakdown of the auction includes Rs. 37 billion worth of Treasury Bills with a 91-day maturity, Rs. 40 billion in bills maturing in 182 days, and Rs. 20 billion in 364-day Treasury Bills. The proceeds from these auctions are typically used to manage the government’s cash flow requirements, including debt servicing and other financial obligations.
This auction is part of a series of regular Treasury Bill sales by the Central Bank to raise funds while also providing investors with short-term investment options. The results of this auction could signal investor confidence in the country’s fiscal policy and its ability to manage economic challenges.
