Mar 09, 2015 (LBO) – Sri Lanka’s Central Bank has decided to issue 30 billion rupees of treasury bonds soon after accepting 10 billion rupees from a controversial bond issue.
The bank will auction three types of bonds tomorrow at 10 billion rupees each.
“The Government’s immediate needs for cash to make payments for the bills in hand and to complete incomplete projects were to be met through the Treasury Bond issues in March 2015.” planning ministry said in a statement.
“The previous regime had not settled money owing to contractors and had not paid for lands acquired for road projects. The outstanding amount to be paid for land acquisition alone is Rs. 44 Billion.” the statement further said.
The details of tomorrow’s bond issue are as follows.