Sri Lanka’s Public Debt Department successfully raised Rs. 155 billion through its latest Treasury bond auction held on April 28, reflecting robust investor interest across all maturities on offer.
The auction featured three bond series maturing in 2029, 2031, and 2035. The Rs. 60 billion issuance of the 11.75% 2029 bond (ISIN: LKB00529F152) drew overwhelming demand, receiving bids totaling Rs. 190.65 billion. Similarly, the Rs. 55 billion offer for the 11.25% 2031 bond (ISIN: LKB01231C151) attracted Rs. 130.11 billion in bids, while the Rs. 40 billion 11.50% 2035 bond (ISIN: LKB02035C155) brought in Rs. 130.48 billion worth of offers. All offered amounts across the three maturities were fully accepted by the Central Bank.
The weighted average yield rates for the bonds were 10.30 percent for the 2029 maturity, 10.96 percent for the 2031 maturity, and 11.22 percent for the 2035 maturity, reflecting market sentiment and expectations of continued monetary policy stability.
An issuance window remains open until 3:00 p.m. on April 30, permitting additional subscriptions up to 10 percent of the original amounts offered, at the weighted average yield rates determined during the auction. In the event of oversubscription, allocations will prioritize participants who were successful in Phase I. Settlement for all accepted bids is scheduled for May 2.