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Central bank and treasury officials said they expected that “exploring options for a domestic debt operation” will help achieve much-needed liquidity relief, including both local currency T-Bills and T-Bonds.
Source: https://www.onlanka.com/news/sri-lanka-expects-to-finalise-domestic-debt-rework-by-may.html
This auction followed the practice of re-opening the T-Bonds which helps in building up the size of individual bond issues and improve liquidity in the secondary market.