Money

Staying Put

Despite seven year lows and pressure on the rupee, the Central Bank kept its key short-term interest rates unchanged.The overnight repurchase rate (repo rate) …

Moving Up

Yields for three month treasuries move up at Wednesdays auction indicating market demand for short-term maturities.rnrn rnHowever, the Central Bank said that …

Secure Deal

Senkadagala Finance is coming out with a Rs. 52.4 mn debt paper backed by an A (sri) rating from Fitch Ratings Lanka.The Rs. 52.4 mn issue is part of a larger …

Live Injection

The Aitken Spence Group secured an AA (sri) rating for its upcoming Rs. 1 bn five-year unlisted debenture issue from Fitch Ratings Lanka. The group needs the …

Steady Float

Sri Lankas foreign reserves slipped 3.7 percent dip in April, slightly above a 5.7 percent drop in January 2004, according to latest data released by the …

Recycling Debt

The Central Bank says it will re-issue Rs. 7 bn worth of two-year treasury bonds and Rs. 44,837 mn in treasury bills to the debt market, as part of its …

Call Waiting

Sri Lanka Telecom has picked UBS Warburg and Standard Chartered Bank as arrangers to its upcoming US$ 100 mn bond issue.The five-year loan will carry a fixed …

Call Waiting

Sri Lanka Telecom has picked UBS Warburg and Standard Chartered Bank as arrangers to its upcoming US$ 100 mn bond issue.The five-year loan will carry a fixed …

Snapped Up

The Central Bank said Monday that it had accepted US$ 144.75 mn worth of two-year bids for the first tranche of the governments US$ 100 mn issue.The bank said …

Mega Deal

Hatton National Bank on Thursday inked a deal to execute a US$ 36.5 mn interest rate swap for power generator Heladhanavi Ltd.Heladhanavi, a joint venture …

Inching Up

Three month treasury rates edged up at Wednesdays auction, stoked on by market appetite for debt paper with shorter tenures.The Central Bank said that …

Alls Well

The overnight repurchase rate (repo rate) was kept at 7.0 percent and the reverse repurchase rate (reverse repo) at 8.50 percent, the bank said in a statement …

Debt Call

The governments US$ 100 mn bond issue opens on Tuesday, to raise funds to bridge the budget deficit.The Sri Lanka Development Bond issue will carry a minimum …

Looking Pretty

The governments bond issue to raise US$ 91.5 mn opens next week, with initial reports indicating that the issue would be oversubscribed.Dealers expect the …

Green Exchange

The Banks Public Debt Dept., sought offers from the market to raise US$ 250 mn worth of Sri Lanka Development Bonds.rn rnThe Central Bank will roll over US$ …

Sampath Fortune

Sampath Bank plans to raise Rs. 1.5 billion by issuing debentures to strengthen its capital base and make long-term money available for lending.The issue which …

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