GoSL issues Rs 51,500M T-Bills to settle Rs 34,390M Maturing Debt
By Paneetha Ameresekere
Government of Sri Lanka’s (GoSL’s) issuance of Rs 51,500 million worth of face value (FV) Treasury T-Bill at an auction due on Wednesday (29 September) shows that GoSL is borrowing 49.75 per cent (Rs 17,110 million) more than that which is required for it to repay maturing Rs 34,390 million worth of FV T-Bill debt, which will have to be mandatorily settled by next Friday (1 October), Central Bank of Sri Lanka (CBSL) data of Friday (24) showed.
Latest statistics also showed that GoSL’s outstanding debt by selling T-Bills only to the market or to the CBSL has increased by 10.77 per cent (Rs 174.5 billion) to Rs 1,795.2 billion, end June 2021 over end December 2020. As at end December 2020 GoSL’s debt by selling T-Bills only stood at Rs 1,620.7 billion. Meanwhile, Wednesday’s Rs 51,500 million T-Bill auction split comprises the issuances of Rs 12,500 million 91-day maturities; Rs 19,000 million 182-day maturities and Rs 20,000 million 364-day maturities respectively.
And the split of maturing Rs 34,390 million T-Bill debt which GoSL will have to repay by Friday comprises Rs 26,623 million 91-day maturities, Rs 7,279 million 182-day maturities and Rs 488 million 364-day maturities respectively