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PDMO rejects all bids at US$100 million domestic dollar bond auction
The Public Debt Management Office (PDMO) has rejected all bids received at its Domestic Dollar Bond auction held on October 23, with mar…
Summary
The issue was for US$100 million, with the option of raising up to US$300 million. The one-year tranche received bids worth US$45.5 million, of which US$33 million was accepted at a weighted average fixed interest rate of 5.7%. The two-year tranche attracted bids worth US$42.5 million, with US$17 million accepted at a weighted average rate of 6.1%.
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