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Sri Lanka rejects all bids at bond auction

Mar 24, 2016 17:04 PM GMT+0530 | 0 Comment(s)

ECONOMYNEXT - Sri Lanka has rejected all bids for an auction of 20 billion rupees of bonds on Thursday.

The rejection came after a sharp rise in the yields of Treasury bills on Wednesday.

Sri Lanka's remaining foreign investors in rupee bonds are selling out generating more pressure on the credit system.

 

 


 

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