Assistant to the Governor, W A Wijewardene says Cabinet approval has been sought to raise the five-year issue, which will form of the government
quote s Rs. 350 bn borrowing programme.
rnThe funds could either via a syndicated loan or a medium term note. The government will also not seek a sovereign rating for the issue.
rnGlobal financial players like Solomon Smith Barney, JP Morgan, HSBC and Standard Chartered Bank have already presented their proposals to the Central Bank.rn