CBSL accepts only Rs. 10 Bn, after offering Rs. 45 Bn in T-Bills

CBSL accepts only Rs. 10 Bn, after offering Rs. 45 Bn in T-Bills

CBSL accepts only Rs. 10 Bn, after offering Rs. 45 Bn in T-Bills

Written by Zulfick Farzan

31 Mar, 2021 | 12:13 pm

Colombo (News 1st);  The Central Bank of Sri Lanka had failed to sell 77 percent of Treasuries offered at the 30th March Treasury Bill Auction, while a sharp rise in interest rates was also observed.

The Treasury Bill auction was held on Tuesday (30) to secure short-term loans of Rs. 45 Billion required by the government.

Rs. 10 Billion was offered for a 91 day maturity period, Rs. 15 Billion was offered for a 182-day maturity period and Rs. 20 Billion was offered for a 364-day maturity period, said the Central Bank.

With a total of Rs. 45 Billion offered, the Central Bank had only accepted Rs. 10 Billion in Treasury Bills.

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