Mar 20, Colombo: Sri Lanka Central Bank's issue of Rs.15 billion Treasury Bills at the weekly auction on Wednesday for the week ending 22 March, 2013 was oversubscribed with marginally higher rates from last week.

At the weekly primary auction, the re-issue of Rs.15 billion maturing Treasury bills was oversubscribed with bids amounting Rs. 20.625 billion being received, the Central Bank said. The Bank has decided to accept Rs. 6.46 billion from the auction.

The one-year Treasury bill rate rose seven basis points to 11.26% this week from the previous week's 11.19%. The Bank has accepted Rs. 3.97 billion on one-year T-bills.

Six month tenor bills rate inclined by 10 basis points to 10.25% from last week's 10.15% and the three month tenor bills climbed to 9.22%, from last week's 9.16%.

The Bank accepted Rs. 1.352 billion in 6-month and Rs. 1.137 billion in 3-month bills.