Central Bank rejects all bids at bond auction

Central Bank yesterday rejected all bids at the treasury bond auctions, the Public Debt Department said. The auction received bids amounting to Rs.12.4 billion for Rs.5 billion worth of 12 years and 08 months bonds offered with a coupon rate of 11.50 percent. 

Bids worth almost Rs.12 billion were received for Rs.5 billion worth of 05-year and 10-month bonds with a coupon rate of 9.45 percent. 

The auction also received bids of Rs.8.7 billion for Rs.3 billion worth of 3-year and 10-month bonds with a coupon rate of 08 percent.