Sri Lanka sells extra Rs2.2bn Treasury bills after auction

EconomyNext reports that Sri Lanka’s Public Debt Management Office sold an additional Rs2.282 billion in Treasury bills after Wednesday’s auction. The tap sale brought total bill sales for the week to Rs82.893 billion, according to the outlet.

EconomyNext reports that the additional bills were sold at average rates of 9.32% for three-month bills, 9.44% for six-month bills and 9.95% for 12-month bills. The outlet says the settlement date is October 23.

EconomyNext reports that the Wednesday auction raised Rs80.61 billion from Rs100 billion offered. The three-month bill yield increased by two basis points to 9.2%, with Rs70.39 billion sold from Rs40 billion offered; the six-month yield remained at 9.44%, with Rs3.92 billion sold from Rs35 billion offered; and the 12-month yield held at 9.95%, with Rs6.29 billion sold from Rs25 billion offered. EconomyNext notes that six- and 12-month bills were also available on tap.

Written automatically by AI from the outlets’ own reports, and not reviewed by an editor. It can be wrong — the original report is the authority.