Sri Lanka bond yields edge down at auction

Jan 30, 3013 (LBO) - Sri Lanka's bond yields edged lower at an auction Tuesday where 45 billion rupees of securities were sold, data from the state debt office showed.





Market participants said there was foreign interest in the bond.

The debt office sold 10.3 billion rupees worth 5- year bonds maturing in June 2018 were sold to yield 10.

74 percent, 16 basis points lower than the last auction.

But in the secondary market similar maturities were quoted around 10.90/95 percent, dealers said.

Eight year bonds maturing on May 01, 2021 were sold to yield 11.44 percent, 20 basis points lower than the last auction.

The state raised 25 billion rupees from the bond.

In the secondary market, bond of similar maturing were quoted at 11.

50/70 percent dealers said.

Fifteen year bonds maturing on August 01, 2028 were sold to yield 12.

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21 percent about 4 basis points lower that the last auction. No secondary market quotes were available for the long term bond.