Sri Lanka’s Public Debt Department successfully raised Rs. 155 billion through its Treasury bond auction held on April 28, 2025, attracting robust investor interest across all maturities.

The auction offered three bond series with maturities in 2029, 2031, and 2035. The Rs. 60 billion issuance of the 11.75% 2029 bond (ISIN: LKB00529F152) received bids totaling Rs. 190.65 billion, while the Rs. 55 billion offer for the 11.25% 2031 bond (ISIN: LKB01231C151) drew bids worth Rs. 130.11 billion. Meanwhile, the Rs. 40 billion 11.50% 2035 bond (ISIN: LKB02035C155) attracted bids amounting to Rs. 130.48 billion. All offered amounts were fully accepted.

The Weighted Average Yield Rates (WAYRs) for the bonds were determined at 10.30% for the 2029 maturity, 10.96% for the 2031 maturity, and 11.22% for the 2035 maturity.

An issuance window remains open until 3:00 p.m. on April 30, 2025, allowing for additional subscription—up to 10% of the respective amounts offered—at the weighted average yield rates set at the auction. In the event of oversubscription during the window, allocation will be based on successful Phase I participation.

Settlement for the auction is scheduled for May 2, 2025.