Sri Lanka rejects all treasury bids

Standing left to right – Mr. Dinesh Jebamani (Chief Manager Liability Product Management and New Age Media – Seylan Bank), Mr.Sudesh Peiris (Senior Manager – Digital Banking Channels – Seylan Bank), Ms. S.Senevirathne (Representative of the Revenue Department – Western Province), Mr. Tilan Wijeyesekera (Deputy General Manager – Retail Banking – Seylan Bank) and Mr. Malik Wickremanayaka (Deputy General Manager – Operations – Seylan Bank)

Oct 01, 2014 (LBO) – Sri Lanka has rejected all treasury bids at a weekly auction on Wednesday, the government’s debt office said. The debt office which is part of the island’s central bank said it has offered 1.5
billion rupees in 6-month bills and 4.5 billion rupees in 12-month bills.

The office did not offer 3-month treasury bills for the second straight week.

The auction has oversubscribed with bids amounting to 75.64 billion rupees being received.