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Japanese to invest US$ 125mn in Treasury bills and bonds

28 June 2012 05:06 am - 0     - {{hitsCtrl.values.hits}}

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Bansai Securities, one of the leading investment houses in Tokyo, is planning to invest 10 billion Japanese yen (JPY) (approximately US$ 125 million) in Sri Lanka Government Treasury bills and Treasury bonds, over the next 12-month period, a Foreign Ministry statement said.

The first tranche of the proposed investment of JPY 1.5 billion (approximately US$ 20 million) is expected to be made before July 15, 2012.

New World Securities (Pvt.) Limited, the first Japanese securities firm authorized to trade in shares and financial instruments in Sri Lanka, acts as the Lead Manager, while Pan Asia Banking Corporation PLC will be the facilitator to the proposed investment

Meanwhile, Sri Lanka’s Treasury bill yields during yesterday’s auction rose across all maturities with six-month bill yields rising most.

The three-month bill yields rose 8 basis points to 11.12 percent, while six-month yields rose 15 basis points to 12.61 percent. The twelve-month bill yields rose 10 basis points to 12.88 percent.

According to the Public Debt Department of the Central Bank, the auction was oversubscribed with bids amounting to Rs.29.9 billion received. It was decided to accept Rs.11.79 billion from the auction.

(KP)
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