Economy & Markets

Borrowing Spree

A series of Reconstruction bonds are due to hit the market later this year, while the remaining US$ 91.5 mn of the US$ 250 mn development bonds will be issued …

Hard Talk

ldblquote It is vital that fiscal programme remains on track to ensure that the overall budget target of 8.5 percent of GDP is not exceeded, while protecting …

Final Issue

The two-year bond will be linked to the six months London interbank offered rate or LIBOR. rn rnThe government last year said it was raising up to US$ 250 mn …

New Faces

There has been a positive response to Central Bank quote s call to expand the government securities market by issuing new licences.rn rnThe bank quote s …

Moving On

The Central Bank cut its key short-term discount rate by lowering the overnight reverse repurchase rate (reverse repo) by ten basis points to 13.75 percent …

Slower Pick Up

The bank said the deficit for the first quarter shrank 18.5 percent to US$ 277 mn from US$ 340 mn recorded in the same period 2001. rnrnExport earnings for the …

Colombo Venue

Held for the first time in Sri Lanka, the forum brings together donor countries and lending agencies. rnrnUnlike the earlier Paris Aid group meetings, the …

Full Throttle

The government quote s residual stakes in sugar plantations have been completed. Preparation work on disposing minority stakes in Lanka Marine Services (LMS), …

Cautious Nod

But IMF quote s Deputy Managing Director Shigemitsu Sugisaki warned that promised structural reforms have to be stepped up if the country is to achieve a 6 …

More Cash

The unsecured, subordinated redeemable debenture will carry a five-year tenure and will be quoted on the Colombo Stock Exchange. rnrnThe issue will be doubled …

Easing Ahead

The Central Bank offered and accepted bids for Rs. 6.565 bn despite the auction being oversubscribed with bids for Rs. 12.461 bn. rnrnBids on offer this week …

Building Debt

Construction work on the head office complex is expected to cost the bank around Rs. 4 bn. rnrnThe securatised paper carrying a ten-year tenure, will be …

Easing Up

Money brokers are expecting a benchmark repo interest rate cut towards end April, due to twin effects of the IMF disbursement and improved liquidity in the …

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