Sri Lanka rejects bids for 6-month treasuries

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)

Sep 24, 2014 (LBO) – Sri Lanka has rejected bids for 6-month treasuries at an auction held Wednesday without calling any bid for three month, the government’s debt office said. The 12-month yield fell 37 basis points to 5.89 percent.

The debt office which is part of the island’s central bank said 12.92 billion in one year bills were sold after offering 7.50 billion for rollover.