CB goes for second 30-year bond, and a 20-year issue

sriranga · 1 Issue of Rs 13B Treasury Bonds - 20 & 30 Years - 9% Wed Jun 12, 2013 10:29 am

sriranga

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http://www.cbsl.gov.lk/pics_n_docs/latest_news/notice_20130612e.pdf

CB goes for second 30-year bond, and a 20-year issue Cbsl16

salt

salt

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Coupon rate is 9%
As i remember , yield of 30 Yr bond was 12.5% in the previous auction

Redbulls

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salt wrote:Coupon rate is 9%
As i remember , yield of 30 Yr bond was 12.5% in the previous auction

Yes.
http://forum.srilankaequity.com/t28756-sri-lanka-raises-rs-3-billion-by-selling-30-years-bonds?highlight=bond

CSE.SAS · 4 CB goes for second 30-year bond, and a 20-year issue Wed Jun 12, 2013 11:32 pm

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The Public Debt Department of the Central Bank will issue the country’s second 30-year bond today along with another issue for 20-year bonds as the government seeks to increase the maturity periods of its borrowings.

The bank is offering Rs. 8 billion in 20-year bonds which would mature in 2033 and Rs. 5 billion in 30-year bonds maturing in 2043.

The country offered its first 30-year bond last May. The issue worth Rs. 2 billion with a coupon rate of 9 percent was oversubscribed three times attracting bids amounting to Rs. 6 billion. The Central Bank upsized the issue accepting Rs. 3 billion at a weighted average yield of 12.50 percent.

Last year the government issued a 20-year bond at 11 percent.

The Public Debt Department says the actual time to maturity (ATM) of domestic debt has increased from 2.10 years in 2010 to 2.35 years in 2011 and 3.23 years in 2012 while for foreign debts it stood at 5.74 years in 2012 up from 5.32 years in 2011 and 5.25 years.

"In order to reduce the refinancing risk, the Central Bank issued medium to long term T-bonds and extended the yield curve for T-bonds. As a result, there was a sharp increase in ATM of T-bonds from 2.90 years in 2011 to 3.99 years in 2012. However, ATM of Rupee Loans decreased from 6.05 years in 2011 to 5.41 years in 2012 mainly due to the repayment of the existing loans. ATM of all domestic loans increased from 2.35 years in 2011 to 3.23 years at the end of 2012. ATM of domestic debt increased over and above 3 years in 2012 for the first time since 2006," the Central Bank said in a recent report on public debt.

"The total debt stock of the Government increased by Rs. 866.7 billion in 2012 and stood at Rs. 6.0 trillion at the year end, consisting of domestic debt of Rs. 3.2 trillion and foreign debt of Rs. 2.8 trillion. The rupee value of the foreign debt stock increased by Rs. 438 billion in 2012 mainly due to the increase in rupee value of the foreign currency denominated debt by Rs. 127.2 billion on account of the depreciation of the rupee against foreign currencies. The Debt to GDP ratio increased to 79.1 percent at the end of 2012 from 78.5 percent at the previous year end. Total interest cost of the Government in 2012 increased to Rs. 408.5 billion from Rs. 356.7 billion in 2011," the Central Bank said.
http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=81135

UKboy

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CSE.SAS wrote:The Public Debt Department says the actual time to maturity (ATM) of domestic debt has increased from 2.10 years in 2010 to 2.35 years in 2011 and 3.23 years in 2012 while for foreign debts it stood at 5.74 years in 2012 up from 5.32 years in 2011 and 5.25 years.

"In order to reduce the refinancing risk, the Central Bank issued medium to long term T-bonds and extended the yield curve for T-bonds. As a result, there was a sharp increase in ATM of T-bonds from 2.90 years in 2011 to 3.99 years in 2012. However, ATM of Rupee Loans decreased from 6.05 years in 2011 to 5.41 years in 2012 mainly due to the repayment of the existing loans. ATM of all domestic loans increased from 2.35 years in 2011 to 3.23 years at the end of 2012. ATM of domestic debt increased over and above 3 years in 2012 for the first time since 2006," the Central Bank said in a recent report on public debt.11:37:38

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CB goes for second 30-year bond, and a 20-year issue

1 Issue of Rs 13B Treasury Bonds - 20 & 30 Years - 9% Wed Jun 12, 2013 10:29 am

sriranga

2 Re: CB goes for second 30-year bond, and a 20-year issue Wed Jun 12, 2013 10:30 am

salt

3 Re: CB goes for second 30-year bond, and a 20-year issue Wed Jun 12, 2013 10:33 am

Redbulls

4 CB goes for second 30-year bond, and a 20-year issue Wed Jun 12, 2013 11:32 pm

CSE.SAS

5 Re: CB goes for second 30-year bond, and a 20-year issue Thu Jun 13, 2013 4:09 pm

UKboy

6 Re: CB goes for second 30-year bond, and a 20-year issue

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