Colombo, Sri Lanka – The Central Bank of Sri Lanka (CBSL) has announced two significant auctions for government securities this week, inviting bids from Primary Dealers through its electronic bidding platform.
- Today, November 27, 2024, the CBSL is conducting an auction for Treasury Bills worth Rs. 205 billion, with maturities aimed at meeting short-term government financing needs.
- Tomorrow, November 28, 2024, a separate auction will take place for Treasury Bonds worth Rs. 125 billion. These bonds will be issued based on an interest-free price accrued from the last interest payment date up to the settlement date.
Key Details for Investors:
- Bids are restricted to Primary Dealers, though individuals and other investors can submit their bids via these dealers, adhering to the minimum bid amount requirement.
- Depending on prevailing market conditions, the CBSL reserves the right to accept quantities less or more than the offered amount for each maturity, ensuring that the total offered for the auction is not exceeded.
Secondary Market Opportunities:
Prospective investors who miss out on these auctions can still purchase Treasury Bills through the secondary market, facilitated by Primary Dealers or licensed commercial banks.
This initiative is part of the CBSL’s ongoing efforts to manage public debt efficiently while addressing the government's funding requirements. Interested parties are encouraged to act swiftly, as these auctions play a vital role in shaping the financial landscape.
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