Money

Be Good

Central Bank, Governor A. S. Jayawardena said foreign exchange market should take a longer-term view of the rupee and avoid aberrant behavior.The governor said …

Maiden Run

The Central Bank will start issuing its maiden batch government treasuries in scripless form this week, allowing the market to settle their transactions …

Secure Funds

Asian Finance Ltd has raised Rs. 100 mn by securitising its future cash receivables to fund its working capital.Structured and placed by National Wealth Corp …

Mute Market

Secondary market trading in government securities has tapered off to a fraction of last years levels with political uncertainty putting bond dealers on the …

Any Takers?

Saddled with debts of over Rs. 11 bn, the CEB is coming to the market again to securitise its future cash flows by borrowing over a billion rupees.CEB tapped …

Good Marks

Fitch Ratings Lanka Ltd (FRL) has assigned SL A national credit rating to the Implied Long-term unsecured Senior Debt of First Capital Treasuries Ltd (FCTL).SL …

Steady Ship

The Central Bank left its key short-term rates unchanged on Wednesday, signalling that it was comfortable with the countrys economic fundamentals.The overnight …

New Page

The government is looking at amending laws to allow foreign investors into the corporate debt market, without liberalising the capital account.Foreigners are …

Greenlight

The Colombo Stock Exchanges debt trading system is likely to take off this month, giving smalltime investors closer access to the government debt market.Seylan …

Third Opinion

So far, the bank has mandated Fitch Ratings Inc. to give Sri Lanka its first country rating. Fitch was selected for its local presence through Fitch Ratings …

New Blood

Merchant Bank of Sri Lanka is tapping the local debt market to raise up to Rs. 200 mn to fuel its expansion programme.rnrnrnrnrnrnNew Page 1rnrnrnrnrn …

Mock Runs

The Central Bank plans to start mock runs for scripless trading on government securities next week after parliament approved the legislative amendments.Deputy …

Its A Wrap

Upcoming debt market specialist, National Wealth Corp. wrapped up a complex debt-restructuring deal for the governments supermarket chain.rnrnrnrnrnrnNew Page …

Leg Up

The Sri Lankan rupee is on course for a firmer footing against the US dollar, despite recent political cross currents that have shaken the currency.After …

Boo Hoo

Suntel wants to buy back Rs 300 mn of its 750mn high yielding medium term debentures, which yield in excess of 22 percent per annum.The wireless operator …

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