Sri Lanka 3-month Treasuries yield up 107bp, not all offered bills sold
ECONOMYNEXT – Sri Lanka has sold only 56.7 billion rupees of Treasury bills with most of the money taken from 3-month bills at the bill auction on August 24, data showed amid speculation that the International Monetary Fund may press for a ‘second hair cut’ of depreciated rupee debt.
Howeer officials have said Sri Lanka’s stand is that rupee debt re-structuring is not needed.
The debt office sold 58.2 billion rupees of 3-month bills at 30.51 percent up 107 basis points after offering 44 billion rupees.
Only 9.58 billion rupees of 6-month bills were sold at 29.51 percent, up 55 basis points, after offering 23 billion rupees.
Only 8.3 billion rupees of 12-month bills were sold at 29.83 percent, up 69 basis points after offering 23 billion rupees.
The debt office offered 90 billion rupees of bills and sold only 56.7 billion rupees of treasury bills. (Colombo/Aug 24/2022)
