Inflation ( CCPI)6.4% (Jan 2024)
GDP1.6% (3Q 2023)
Unemployment5.2% (2Q 2023)
3M T-Bill Rate9.79%
12M T-Bill Rate10.02%
2Y T-Bond Rate11.05%/ 11.10%
4Y T-Bond Rate12.20% / 12.30%
Reserves $4.5Bn (Jan 2024)
Cum. Trade Deficit $4,866 Mn (Dec 2023 cumulative)
Cum. Fiscal DeficitLKR 2,020 Bn (Nov 2023)

Sri Lanka SLDB auction unsubscribed second time in March

Interest RatesMar 30, 2020
Sri Lanka SLDB auction unsubscribed second time in March
CBSL had announced an auction of Sri Lanka Development Bonds (SLDB) for $ 220Mn. Previously issued SLDBs of $ 218 Mn are maturing on 1st April 2020. The auction was able to attract only $22.33 Mn out of which CBSL has accepted only $11.93Mn. This is the second time the SLDB auction undersubscribed this month. CBSL has offered $ 520 Mn SLDBs so far this year for rolling over of $ 568.2Mn maturities but able to raise only $ 200.76Mn. Doller denominated Sri Lankan financial instruments are under pressure of low liquidity and steep discount.


Charts represents an assessment of the market environment as of the date indicated and it is subject to change; and is not intended to be a forecast of future events or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the funds or any issuer or security in particular. The strategies discussed are strictly for illustrative and educational purposes and should not be construed as a recommendation to purchase or sell, or an offer to sell or a solicitation of an offer to buy any security. There is no guarantee that any strategies discussed will be effective.

The information presented does not take into consideration commissions, tax implications, or other transactions costs, which may significantly affect the economic consequences of a given strategy or investment decision. This document contains general information only and does not take into account an individual’s financial circumstances. An assessment should be made as to whether the information is appropriate in individual circumstances and consideration should be given to talking to a financial advisor before making an investment decisions.