The Central Bank of Sri Lanka has extended the suspension of Perpetual Treasuries Limited (PTL) from operating as a primary dealer for another six months.
The regulator’s decision, effective from 4:30 pm on July 5, maintains the firm’s exclusion from participating in government bond auctions and related Treasury activities.
The move reinforces the central bank’s ongoing restructuring of the country’s primary dealer framework.
By keeping PTL sidelined, the CBSL limits the number of active participants in the sovereign debt market, a dynamic that has previously contributed to yield volatility.
Recent auctions have seen yields on Sri Lankan Treasury bills rise across maturities as the market adjusts to the constrained dealer base.
Perpetual Treasuries remains barred from conducting business as a primary dealer, a status critical for managing government debt issuance.