Sri Lanka rejects all bids at domestic dollar bond auction

ECONOMYNEXT – Sri Lanka’s Public Debt Management Office has rejected every bid it received at the Domestic Dollar Bond auction on October 23.

“Pursuant to Section 6 of the Offer Document, which reserves the Issuer’s right to accept or reject any application, in whole or in part, the Issuer has decided not to accept any bids received under this auction,” the PDMO said.

The official notice offered no further explanation.

The issue aimed to raise 100 million dollars.

The fixed rate of interest payable on the bond was to be determined through competitive bidding.

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The auction came at a time when markets were closely watching the government’s efforts to manage debt and strengthen economic stability. (Colombo/Oct26/2026)