Treasury bill rates creep up

Sri Lanka's borrowing costs rose at this week's treasury bill auction, as against the previous week's sale, the Central Bank said Wednesday. Sri Lanka's borrowing costs rose at this week's treasury bill auction, as against the previous week's sale, the Central Bank said Wednesday. The bank re-issued Rs. 10,745 million worth of bills but accepted only Rs. 7,029 million from the market.

The auction was oversubscribed with bids worth Rs.
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18,195 million.

The island's Central Bank bought Rs. 1.8 billion worth of bills and retired Rs.
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1,916 million.

Investors will pay for the bills they purchase on Dec. 9.

 

Maturity	Bids received	Amount accepted	Weighted avg. yield
	(Rs. mn)	(Rs. mn)	This week	Last week
Three months	10,768	5,232	10.08	10.05
Six months	2,185	525	10.28	10.25
One-year	5,242	1,272	10.34	10.31
Total	18,195	7,029	10.14	10.11
(Source: Central Bank)

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