Sri Lanka rejects entire bond auction: Central bank

Sri Dharanee Performance Arts Theatre

Apr 16, 2015(LBO) – Sri Lanka rejected an entire bond auction, Thursday after calling bids for five billion rupees of bonds, the state debt office said. At the last auction held on 07th April 2015, Sri Lanka sold 20.04 billion rupees of two and six year bonds after calling bids for 20 billion rupees of bonds, the state debt office said. The government’s debt office said all bids at the auction were rejected.

However the debt office received 26.8 billion rupees for the four year and two month bonds at an average yield of 10.6 per cent.