Sri Lanka sells Rs24.2bn in bonds, 2029 bond on tap at 30.85-pct

ECONOMYNEXT – Sri Lanka has sold 24.2 billion rupees of bond after offering 30 billion rupees with all offered 2029 bonds of 17.5 billion being sold, data from the state debt office showed.

The debt office sold all offered 15 July 2029 bonds for 30.85 percent.

The cut off for 2029 was estimated at 32 percent.

Extra bonds are offered on tap at 30.85 percent.

The debt office also sold 6.7 billion rupees of 01 July 2025 bonds for 31.93 percent, after offering a 12.5 billion rupees.

The 2029 bonds pay a 20 percent coupon and the 2025 18 percent coupons.

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