13 December 2024 12:16 am Views - 48
By First Capital Research
Accordingly, 15.09.2029 maturity enticed a full acceptance from the total offered amount of Rs. 77.5bn while only Rs. 53.3bn was accepted from the 01.06.2033 bond where a total of Rs. 55.0bn was offered.
The 15.09.2029 was accepted at a weighted average yield rate of 10.75% whilst 01.06.2033 closed at a weighted average yield rate of 11.47%.
Ahead of the auction, the secondary market saw substantial buying interest, particularly in the 2028 bond series. Several maturities within the 2028 bond were actively traded, with the 15.02.2028 and 15.03.2028 bonds closing between 10.10%-10.15%.
Meanwhile, the 01.05.2028, 01.07.2028, and 15.10.2028 bonds closed at yields of 10.20%, 10.25%, and 10.40%, respectively. Furthermore, the 15.12.2028, 15.09.2029, and 15.03.2031 bonds saw trades at 10.50%, 10.70%, and 11.27%, respectively. Following the auction, a slight wave of profit-taking emerged, leading to price quotes drifting slightly higher from theintra-day lows.
Despite this, investor participation remained robust, with trading volumes reaching elevated levels. On the external side, LKR continued to appreciate against the greenback closing at Rs. 290.30/USD compared to previous closing of Rs. 290.31/USD.