Government to borrow Rs. 72 bn from the market in October

The Central Bank says it will re-issue Rs. 72 bn worth of debt paper to the market, as part of its October borrowing programme. The Central Bank says it will re-issue Rs. 72 bn worth of debt paper to the market, as part of its October borrowing programme. Of the 72,071 mn worth of paper maturing, Rs. 47,106 mn will be raised via treasury bills and Rs. 20 bn through three and four year bond paper, the Central Bank said Thursday.

Unlike previous months, there will not be any dollar bond issues under the Sri Lanka Development Bond programme.

The bank said the size of re-issue may be further reduced based on market developments.

-LBO Newsdesk: LBOEmail@vanguardlanka.com