T Bond Issue -21-01-2013

VISA · 1 T Bond Issue -21-01-2013 Mon Jan 21, 2013 1:35 pm

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http://www.cbsl.gov.lk/pics_n_docs/latest_news/press_20130121.pdf

Redbulls · 2 Sri Lanka bond auction yields flat Mon Jan 21, 2013 2:51 pm

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Jan 21, 2013 (LBO) - Sri Lanka's 08 and 15-year bond yields were flat at Monday's auction, unchanged from January 10, data from the state debt office showed, while three year bonds were sold at near secondary market rates, dealers said.

Bond maturing on May 01, 2021 (8 years and 4 months) were sold to yield an average of 11.64 percent and bonds maturing on July 01, 2028 (15 years, 6 months) were sold to yield 12.25 percent the same as an auction on January 10.

A 03 year and 05 month bond maturing on June 01, 2016 was sold to yield 10.98 percent. The bonds were issued after a gap of more than a year.

But dealers said three year bonds were earlier quoted around 10.95/11.00 percent in the secondary market.

The state debt office said 3.0 billion rupees of 3-year bond, 1.1 billion in 8 year bonds and 4.5 billion rupees of 15 year bonds were sold.
http://lbo.lk/fullstory.php?nid=473277683

sriranga · 3 Negative sentiments keep T-bond rates up Tue Jan 22, 2013 5:26 am

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Rs. 9bn T-bond auction attracts bids amounting to Rs. 21.3bn

Negative sentiments on the direction of the economy kept bond yields up despite a monetary policy rate cut last month, currency dealers said.

Yields in the secondary market for Treasury bonds were virtually flat with the five year bond seeing its yield inch up to 11.15/20 from 11.00/05 the previous day.

A Treasury bond auction yesterday (21) did not bring down yields as expected.

The Treasury bond auction to raise Rs. 9 billion for the government attracted bids amounting to Rs. 21.3 billion with the Public Debt Department of the Central Bank accepting bids amounting to Rs. 9.6 billion.

With a coupon rate of 8 percent, bonds tenured for 3 years and five months sold to a weighted average yield of 10.98 percent. An 8 years and 4 months bond with a coupon rate of 9 percent went for a weighted average yield of 11.64 percent while a 15 year and 6 months bond with a coupon rate of 9 percent sold for a weighted average yield of 12.25 percent.

Yields were virtually flat from an auction held last week, with negative sentiments preventing yields from easing further, as expected by the monetary policy rate cut last month, dealers said.

Last week, a record Rs. 40 billion Treasury bond issue was upsized with the Public Debt Department of the Central Bank accepting bids amounting to Rs. 43.2 billion on overwhelming demand from foreign investors.

Currency dealers said the market was awash with excess liquidity.

The foreign exchange market was stagnant yesterday with the rupee closing at Rs. 126.60/70 against the greenback, currency dealers said.
http://island.lk/index.php?page_cat=article-details&page=article-details&code_title=70880