An 220 million auction of Sri Lanka development bond were undersubcribed Monday with only 22 million dollars of bids coming from investors, cenral bank data showed.
The government was only able to raise 11.93 million dollars from the auction.
The monetary authority on March 26 invited investors to raise the funds for the SLDBs of 7 (seven) months, 1 (one) year 4 (four) months, 3 (three) years and 4 (four) years 10 (ten) months.
