Borrowing Cheap

The Central Bank says it will issue Rs. 2 bn worth of two-year treasury bonds to the debt market, as part of its borrowing programme for March.rnrn
Of the Rs. 27.114 bn worth of treasury bills maturing, the bank has opted to re-issue only Rs. 20.364 bn worth of paper. The balance Rs. 6.750 bn will be bought by the Central Bank.rn

rnThe bank also hopes to retire Rs. 2 bn worth of treasury bills on March 31, 2004.rn

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-LBO Newsdesk: LBOEmail@vanguardlanka.comrn