Sri Lanka rejects entire bond auction: Central bank

Sri Lanka's Prime Minister Ranil Wickremesinghe arrives with flowers to receive blessings at the Gangaramaya Buddhist Temple, Colombo, Sri Lanka on Wednesday 4 April 2018. On wednesday (4), Wickremesinghe survived a no-confidence motion in the Sri Lankan parliament with a 46 vote majority after a 12-hour debate with 122 MPs voted in his support while 76 MPs voting to remove the prime minister. (Photo by Tharaka Basnayaka/NurPhoto via Getty Images)

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.