Sri Lanka’s Central Bank rejects all bids sent in for the three-year bond auction – Lanka Business Online – Sri Lanka business and economy news as it breaks

Sri Lanka’s Central Bank on Tuesday rejected all bids sent in for the three-year bond auction today, but did not give any reason.

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Sri Lanka’s Central Bank on Tuesday rejected all bids sent in for the three-year bond auction today, but did not give any reason. The bank said it received offers worth Rs.

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2.08 billion for the billion rupee issue, which carried a coupon rate of 11.

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5 percent.

Three-year paper currently trades at between 11.

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02-05 percent in the secondary market.

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Market players said that the bank was expecting bids lower than 11 percent, which may have been the reason to call the auction off.

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