Sri Lanka issues first t-bonds under new transparent framework
Both maturities offered were oversubscribed in phase one, says central bank
The Central Bank of Sri Lanka has successfully launched a new framework for the issuance of Treasury bonds (t-bonds).
Effective from July 27, t-bonds will be issued through a “more structured system”, replacing the fully auction-based framework, which has been in place since February 2015, with a three-phase approach.
“The main purpose of introducing a new system is to further enhance the efficiency and transparency of the domestic borrowings of the government,” the central bank says. The move
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