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Bond auction yields decline

Apr.21 (LBO) - Sri Lanka's Central Bank sold a billion rupees worth of three and four year bonds Friday at yields below market expectations. Details of the auction below:

	Treasury Bond Auctions
	3-years	4-years
Date of Maturity	15-03-2009	01-02-2010
Coupon Rate	7.50%	7.20 %
Amount Offered (LKR)	1,000	1,000
Bids Received (LKR)	3,280	1,905
Amount Accepted (LKR)	600	400
Weighted Average Yield	10.85%	10.87%
Date of Settlement	25-04-2006	25-04-2006
(Source: Central Bank)

-LBO Newsdesk