All-time high offering of Rs. 180 b T. Bonds today

• Foreign holding of Lankan Bonds rise for third week with Rs. 7.13 b inflow boosting cumulative figure to Rs. 26 b
• Money markets outstanding liquidity turns positive first time since 27 August 2021 to a surplus of Rs. 98.43 b

Treasury bond auction today will see an all-time high volume of Rs. 180 billion on offer amidst mixed sentiment last week.

The mega bond issue is conducted in lieu of a Treasury bond maturity of Rs. 107 billion due on 15 March and consists of Rs. 70 billion on a 15.11.2024 maturity and Rs. 110 billion on a 01.05.2027 maturity, carrying coupon rates of 22.00% and 18.00% respectively.

Wealth Trust Securities said at the last bond auctions conducted on 27 February 2023, the 15.09.2027 maturity was issued at a weighted average rate of 29.37% while it drew Rs. 24 billion in successful bids at its first and second phases of the auction against its initial total offered amount of Rs. 20 billion. However, all bids received on the 15.01.2025 maturity were rejected.

The foreign holding in rupee bonds increased for a third consecutive week with an inflow of Rs. 7.13 billion for the week ending 9 March while the accumulated inflow stood at Rs. 26.14 billion.

Wealth Trust also said in money markets, the total outstanding liquidity was seen turning positive for the first time since 27 August 2021 to a surplus of Rs. 98.43 billion at the end of the week against its previous week’s deficit of Rs. 14.09 billion.