Historic T. Bond auction sees 4-year issuance active; rupee depreciates

Historic Treasury bond auctions yesterday saw four-year maturity offering being snapped to the tune of Rs. 110.4 billion whilst the Central Bank didn’t maximise bids received for one and half year tenor.

The average for the four year tenor was 28.11% within its pre-auction rate of 27.50/28.1. 

Wealth Trust Securities said the four-year maturity will see a further amount of 20% on offer through its direct issuance window, until close of business of the day prior to settlement (i.e., 4.00 pm on 14.03.2023).

The 1.5-year maturity of 15.11.2024 saw only an amount of Rs. 0.44 billion being taken up successfully against an offered amount of Rs. 70 billion at a weighted average of 29.99%, well below the expected rate and the two-year pre-auction rate of 31.75/00.

Wealth Trust also said in the Forex market, the USD/LKR or rupee depreciated yesterday as its spot contracts were traded within the range of Rs. 323.00 to Rs. 325.00 yesterday against its previous days Rs. 319.00 to 321.00. The total USD/LKR traded volume for 10 March was $ 42.30 million.

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4-year maturity fully taken at historic auction