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Sri lanka News – Sri Lanka raised less than the expected 49 billion rupees via Treasury bonds on Friday after expecting to borrow 130 billion rupees from three tenures, data from the state debt office showed.

The debt office received 176.9 billion rupee was originally targeting to raise 130 billion rupees from three bonds.

It raised 9 billion rupees via 15 November 2024 bonds at 33.01 percent though received 56 billion rupee worth bids. It had expected to raise 50 billion through this tenure bond.

The debt office offered 40 billion in bonds maturing 01 May 2027 and received 45.3 billion rupee worth bids, but the debt office rejected all the bids, which currency dealers cited due to higher borrowing cost.

The debt office raised all expected 40 billion rupees via 01 July 2022 bonds at 30.86 percent after receiving bids worth 75.5 billion rupees. (Colombo/Nov11/2022)

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