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Curiouser, curiouser

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Ceylon Finance Today: It's seemingly customary for the Central Bank of Sri Lanka (CBSL) which raises money (debt) on behalf of the Government of Sri Lanka (GoSL), to keep such tender (auction) notices on display on its website, at least until such time bids for such auctions close and such sales are either finalized or rejected.

Ceylontoday, 2016-03-21 02:00:00
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Curiouser, curiouser

Ceylon Finance Today: It's seemingly customary for the Central Bank of Sri Lanka (CBSL) which raises money (debt) on behalf of the Government of Sri Lanka (GoSL), to keep such tender (auction) notices on display on its website, at least until such time bids for such auctions close and such sales are either finalized or rejected.


But in at least one instance, CBSL appears to have had broken this norm, i.e. in the case of the sale of Sri Lanka Development Bonds (SLDBs) to the value of US$ 150 million where bids close on Wednesday (23 March) and settlement is made on...... Monday (28 March)-See the lead story on Ceylon FT of last Monday's (14 March, 2016) issue and also that of State controlled Daily News' last Friday's (18 March, 2016) issue.


While this SLDB auction notice was on CBSL's website at least till a few days ago, this reporter, upon examining CBSL's website yesterday, found this notice to be missing. It's therefore unclear whether this SLDB auction is cancelled or not? (PGA)

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