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Donors back out of Tiger Talks
Feb 03 (LBO) – Sri Lanka’s key international donors put off their Friday meeting with Tamil Tiger rebels, following protests by Marxists and Buddhist monks.“After a consultation with the Government and the LTTE, the heads of agencies of ADB, IMF and World Bank have postponed their visit to Kilinochchi.The visit will be rescheduled after the […]
Citibank tipped to lead manage billion dollar sovereign bond issue
Feb. 02 (LBO) – Citibank is likely to get the mandate to raise a billion dollars for the Sri Lanka government through sovereign bonds this year, Lanka Business Online learns. The seven year bonds, would carry a six-month floating rate, based on the London Inter Bank Offered Rate (LIBOR). Last December, Citibank raised US$ 100 […]
Billion Bond
Feb. 02 (LBO) – Citibank is likely to get the mandate to raise a billion dollars for the Sri Lanka government through sovereign bonds this year, Lanka Business Online learns.The seven year bonds, would carry a six-month floating rate, based on the London Inter Bank Offered Rate (LIBOR). Last December, Citibank raised US$ 100 million […]
Union Rating
Feb.01 (LBO) – Fitch Ratings assigned a ‘BB+ (sri)’ national rating to the Implied Long-term Unsecured Senior Debt of Union Bank of Colombo on Wednesday. The rating points to possible credit risks developing, particularly as a result of adverse economic change over time. Fitch however, said business or financial alternatives may be available to meet […]
Bomb scare puts off Sri Lanka MP’s
Colombo, Feb 2 (PTI) Panic-stricken Sri Lankan legislators today agreed to put off their sittings by nearly two weeks following a bomb scare inside the assembly hall. Speaker W. J. M. Lokubandara said political party leaders agreed to put off the assembly till February 14. The assembly opened today half an hour behind schedule after […]
Sri Lanka plans to issue a US$ 25 mn sovereign bond
Feb. 01 (LBO) – Sri Lanka plans to issue a US$ 25 million sovereign bond to expatriate countrymen this week, to fund the island’s rebuilding efforts, officials said Wednesday. The small issue will not use the country’s credit rating as a marketing tool, but the government is keen to accept any extra bids over an […]
Patriotic Bonds
Feb. 01 (LBO) – Sri Lanka plans to issue a US$ 25 million sovereign bond to expatriate countrymen this week, to fund the island’s rebuilding efforts, officials said Wednesday. The small issue will not use the country’s credit rating as a marketing tool, but the government is keen to accept any extra bids over an […]
Soaring Eagle
Feb. 01 (LBO) – Aviva, UK’s largest insurance giant’s, picked up controlling stake in Eagle Insurance Ltd for £15 million or Rs. 2.7 billion, the firm said Wednesday. At present ranked the world’s sixth largest insurance group based on gross worldwide premiums, Aviva said 51 percent also came with a partnership with Eagle’s parent NDB […]
What a Stink
Feb. 01 (LBO) – The Colombo Municipal Council (CMC) says it will clear Colombo™s garbage pileup by end of the week. We have cleared most of the garbage by now. By this weekend we can clear up almost all of it, said Lalith Wickramaratne, Director Engineering, Solid Waste Management, CMC. The heavy rains and the […]
Going Soft
Feb 03 (LBO) – Sri Lanka’s key international donors put off their Friday meeting with Tamil Tiger rebels, following protests by Marxists and Buddhist monks. The stop over is a part of a global road show that began in November 2005 to launch the three applications. Soft Corner SQL Server 2005 is Microsoft’s next-generation […]