Sri Lanka Raises 150 Billion Rupees in T-Bond Auction
The Debt Management Office secured 150 billion rupees, with the 2030 maturity driving the bulk of the demand.
The Public Debt Management Office raised 150 billion rupees in yesterday's Treasury bond auction. This total reflects a focused investor appetite for specific maturities.
The 2030 maturity accounted for 70 billion rupees of the issuance. This segment carried a coupon of 10.00 percent and a weighted average yield of 10.83 percent.
Longer tenures command higher yields
The Office allocated 50 billion rupees to the 2034 maturity. This tranche bore a coupon of 11.70 percent and settled at a weighted average yield of 11.96 percent.
The remaining 30 billion rupees went to the 2037 maturity. This longest tenor carried a 10.75 percent coupon and recorded a weighted average yield of 12.08 percent.
Secondary market shows mixed sentiment
Trading activity remained limited before the auction concluded. The 2030 segment saw prices fluctuate between 10.75 percent and 10.80 percent due to selling pressure.
Post-auction sentiment turned mixed as yields adjusted. The 01.08.2030 bond traded at 10.85 percent while the 15.10.2030 bond moved higher to 10.90 percent.
Currency and liquidity remain stable
The Sri Lankan rupee appreciated slightly against the US dollar. The exchange rate stood at 328.60 rupees per dollar, improving from the previous 328.75 rupees per dollar.
Banking system liquidity held steady at 366.11 billion rupees. This figure is nearly identical to the previous reading of 366.20 billion rupees, indicating no significant shift in cash availability.
