Sri Lanka central bank to allow Rs16.5bn in marketable bonds to expire

ECONOMYNEXT – Sri Lanka’s central bank is allowing some marketable government bonds in its portfolio to expire without re-subscribing, the head of the Market Operations Department, Anil Perera said. The central bank 2,508 billion rupees of government securities in its books, most of it made up of Treasury bills converted to step down securities. About 16.5 billion rupees of the securities were marketable government bonds remained, officials said. The bond were acquired before the crisis in the course operations like outright purchases to inject money. The bonds would progressively go out of the balance sheet as they mature, Perera said.…

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