Digathanews.com-sri lanka latest news...: Treasury bill rates decline at auction for 20 billion rupees reissue

Digathanews.com-sri lanka latest news... Digathanews.com delivers the latest breaking news and information on the latest top stories, politics, business, entertainment, sport, and more...

Treasury bill rates decline at auction for 20 billion rupees reissue Jan 31st 2013, 01:59   Sri Lanka Central Bank's issue of Rs.20 billion Treasury Bills at the weekly auction on Wednesday for the week ending 30 January, 2013 was oversubscribed nearly three times with declined rates. At the weekly primary auction, the re-issue of Rs.20 billion maturing Treasury bills was oversubscribed with bids amounting Rs. 58.022 billion being received, the Central Bank said. The Bank has decided to accept Rs. 35.823 billion from the auction. The one-year Treasury bill rate declined 14 basis points to 11.11% this week from the previous week's 11.25%. The Bank has accepted Rs. 30.823 billion on one-year T-bills. Six month tenor bills rate declined by 13 basis points to 10.28% from last week's 10.41% and the three month tenor bills declined to 9.43%, from last week's 9.63%. The Bank accepted Rs. 3 billion in 6-month and Rs. 2 billion in 3-month bills.

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