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.