Gilt Edge Funds
Treasury Bills & Bonds
For budgetary purposes raising of domestic currency debt by the Government of Sri Lanka is mainly made through,
- Treasury bills (T Bills) which is a short term debt instrument
- Treasury bonds (T Bonds) which is a medium to long term debt instrumentstrument
The Main Features of Treasury Bills and Bonds
- T Bill maturities are available with 91 Days, 182 Days and 364 Days whereas, T Bond Maturities are available with 2- 30 years
- T Bills, issued at discounted prices are paid with Face Value at the Maturity whereas, the T Bonds carry bi-annual coupon payments in addition to the Face Value paid at maturity.
- Yield rates are determined by the market
- Tradable instrument in the secondary market
- Issued in scripless form
Benefits of Investing in Treasury Bills and Bonds
- It is an absolutely risk-free investment, since issued by the sovereign government.
- Since T bills and T Bonds are tradable in the secondary market, it is possible to obtain instant liquidity by selling them in the market.
- All receipts of interest and maturity proceeds of foreign investments are fully repatriable.
- It is possible to have a joint investment with some other person or persons
- Govt Securities are not subject to taxation, Cess or stamp duty
- The CBSL maintains these investments in state of the art Central Depository System (CDS) connected to fully automated Scripless Security Settlement System.
Treasury Bills
Treasury Bonds
Treasury Bills
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Treasury Bonds
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T-Bill Calculator
Total interest earned at maturity formula
([form:deposit]*([form:term]/12)*([form:rate]/100)).toFixed(2)
Total Amount at Maturity
([form:deposit]+([form:deposit]*([form:term]/12)*([form:rate]/100))).toFixed(2)
T-Bond Calculator - At Maturity
Gilt Edge Funds
Repurchase Agreements (REPOs)
A fixed deposit, also known as an FD, is an investment instrument offered by banks, as well as non-banking financial companies (NBFC) to their customers to help them save money.