Sri Lanka rejects bids for dollar bond auction

ECONOMYNEXT – Sri Lanka has rejected bids for a 250 million dollar auction of Sri Lanka Development Bond styled securities issued mostly to qualified resident investors, at an auction which closed on July 27, amid uncertainty in global markets.

The debt office said it had received 198.59 million dollars of bids for 1 year 7 month bonds, (no fixed rate bids), 12.21 million dollars of floating rate bids for 2 year 7 month bonds.

For 4-year bonds 0.12 million dollars of bids for fixed rate bonds and 2.30 million dollar of bids for floating rate bids were received. (Colombo/June28/2016)

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