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Sri Lanka’s UDA to sell Rs30bn listed debt

Aug 01, 2014 (LBO) - Sri Lanka's Urban Development Authority is planning to sell up to 30 billion rupees of Treasury guarantee listed debt in three tranches, Chairman Nimal Perera said.
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The cash will used to build 30,000 houses he said.
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The sale will be managed by state-run People's Bank.

The agency wants to first sell 10 billion rupees of debentures in the first tranche, followed by another 10 billion tranche next year.

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"Like that will go up to 30 billion in a period of 3-4 years," Perera said.


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