Mar 13, Colombo: Sri Lanka Central Bank's issue of Rs.16 billion Treasury Bills at the weekly auction on Wednesday for the week ending 15 March, 2013 was oversubscribed with marginally higher rates from last week.

At the weekly primary auction, the re-issue of Rs.16 billion maturing Treasury bills was oversubscribed with bids amounting Rs. 26.24 billion being received, the Central Bank said. The Bank has decided to accept Rs. 12.447 billion from the auction.

The one-year Treasury bill rate rose five basis points to 11.19% this week from the previous week's 11.14%. The Bank has accepted Rs. 8.451 billion on one-year T-bills.

Six month tenor bills rate inclined by five basis points to 10.15% from last week's 10.10% and the three month tenor bills climbed to 9.16%, from last week's 9.11%.

The Bank accepted Rs. 1.076 billion in 6-month and Rs. 2.92 billion in 3-month bills.