1st of all, Treasury bonds issue is a scam, but there is a ongoing political and media scam to mislead the public
Lets talk this issue clearly
Did CBSL receive any Bids at 9.5% ? Yes only only 1 bid from BOC (8 Million at 9.35%). That's only a 0.08% from Issued Bonds
Did anyone Bid at 12.5+% Rates ? Yes But Rejected - Except one Bid (PABC @ 12.99%, Perpetual Treasuries 12.75% , Acuity Securities 13% , Commercial Bank 13.10% , Union Bank 13.10% and 14.74% , Sampath Bank PLC 18%). However CBSL has issued 50 Million for Commercial Bank at 12.99%
Were there any rejected bids with lower interest when accepting higher interest rate ? No
How did politicians calculate that Loss ? By Assuming CBSL has received 10 Billion bids at 9.5% but issued at 11.5%. They have calculated the difference of it. they should get a 6 billion loss from that incorrect calculation but claiming 60 billion loss from it.
Lets talk this issue clearly
Did CBSL receive any Bids at 9.5% ? Yes only only 1 bid from BOC (8 Million at 9.35%). That's only a 0.08% from Issued Bonds
Did anyone Bid at 12.5+% Rates ? Yes But Rejected - Except one Bid (PABC @ 12.99%, Perpetual Treasuries 12.75% , Acuity Securities 13% , Commercial Bank 13.10% , Union Bank 13.10% and 14.74% , Sampath Bank PLC 18%). However CBSL has issued 50 Million for Commercial Bank at 12.99%
Were there any rejected bids with lower interest when accepting higher interest rate ? No
How did politicians calculate that Loss ? By Assuming CBSL has received 10 Billion bids at 9.5% but issued at 11.5%. They have calculated the difference of it. they should get a 6 billion loss from that incorrect calculation but claiming 60 billion loss from it.
