During the initial staff level discussion with the International Monetary Fund, Sri Lanka said there are no plans to restructure debt and the discussions are to restructure foreign debt.
The Central Bank of Sri Lanka (CBSL) raised Rs.127.31 billion through an auction of treasury bonds under three maturities.
Weighted average yield rates in all categories exceeded 30%, according to CBSL.
The total value of the treasury bonds offered for auction was Rs. 145 billion.
This bond issue was under 3 categories with maturities in the years 2025, 2028 and 2032, where respectively in relation to each category Rs. 25.50 billion, Rs. 31.80 billion and Rs. 70.00 billion bids have been accepted.
The weighted average yield rates for each of the above categories in this auction are reported as 30.95%, 31.50% and 30.09% respectively.
A bond maturing on 01.07.2032 ended at 29.80/30.00 percent on Thursday, up from 29.55/75 percent in the previous close.