Sri Lanka's public debt management office has sold an extra Rs14 billion in Treasury bills through tap offerings, bringing weekly sales to Rs154 billion across three maturity periods.
Sri Lanka's public debt management office has conducted additional Treasury bill sales this week, offering Rs14 billion in bills across three maturity categories. The tap offerings, which allow for sales beyond the initial auction, were priced at varying rates depending on their duration.
The 3-month bills were sold at an average yield of 9.44 percent, while 6-month instruments attracted 9.78 percent. The longest-dated 12-month bills reached 10.01 percent, reflecting the typical yield curve pattern where longer-term debt commands higher returns. Market demand for these instruments totaled Rs142.45 billion, indicating investor interest in the offerings.
These latest sales follow an initial auction conducted on Wednesday, which had raised Rs140 billion across the same three maturity buckets. Combined, the week's Treasury bill activity has generated Rs154 billion for the government, with all three bill categories made available for tap sales following their initial auction.
The ongoing reliance on short-term debt instruments reflects Sri Lanka's continued efforts to manage its liquidity and financing needs through the money market.
