📉 SLIC Rejects Misleading Treasury Bond Allegations

Sri Lanka Insurance (SLIC) and SLIC Life have issued a formal statement categorically denying "malicious" claims regarding their participation in the Treasury Bond auction held on 9 April 2026. • Investment Figures: SLIC clarified the total investment was Rs. 6 Bn, refuting social media claims of Rs. 10 Bn. • Maturity Breakdown: - Rs. 2 Bn in bonds maturing July 2030. - Rs. 3 Bn in bonds maturing June 2034. - Rs. 1 Bn in bonds maturing July 2037. • Rates & Yields: The company denied investing at a fixed 9.75% rate, noting that 9.75% was the coupon rate, while actual yield rates achieved were higher. • Governance: All investments received prior approval from SLIC and SLIC Life Investment Committees. The transaction was facilitated by five Central Bank-appointed primary dealers with zero transactional fees. • Financial Impact: SLIC dismissed allegations of a Rs. 500 Mn loss as false, citing that accounting follows SLFRS 9 standards. The state insurer warned that such misinformation threatens financial market stability and confirmed that legal action will be pursued against those disseminating false statements.