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It is one of the key responsibilities of CBSL, to settle interest payments formally known as the “Bond coupons” for bonds which have already issued. There was a coupon payment due on 1st of March. Despite the high demand for government debts by investors, CBSL was unable to sell the required amount at the primary auction phase-1 and 2.
This has resulted printing money to settle those bond-coupons payments which were due on 1st March. CBSL data indicates that LKR 17Bn has been printed on 1st of March 2023.