Author: lbostgadmin
Sri Lanka sovereign bond 10 times oversubscribed: Central Bank
July 18, 2012 (LBO) – A billion dollar 10-year Sri Lanka sovereign bond s has attracted orders of 10.5 billion dollars from 425 investors, with US investors buying 44 percent of the issue, the Central Bank said. The bond was sold to yield 5.875 percent, lower than the 6.25 percent rate a year earlier. Sri […]
Sri Lanka Treasuries yields slightly up
July 18, 2012 (LBO) – Sri Lanka’s Treasuries yields rose across maturities with 12-month bills gaining the most rising 06 basis points to 13.16 percent at Wednesday’s auction, data from the state debt office showed. Three months bills rose 02 basis points to 11.36 percent and 6-month bills rose 05 basis points to 12.91 percent. […]
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July 18, 2012 (LBO) – Sri Lanka’s People’s Leasing Company Plc, a unit of state-run People’s Bank, has been rated at ‘B+’ with a ‘stable’ outlook, by Fitch Ratings on the expected support from the parent. The full statement is reproduced below Fitch Rates Sri Lanka’s People’s Leasing ‘B+’; Outlook Stable Fitch Ratings-Mumbai/Colombo-18 July 2012: […]
Sri Lanka bill yields fall after auction
July 18, 2012 (LBO) – Yields of Sri Lankan Treasuries eased slightly after a weekly auction with longer term bond rates also falling about 10 basis points in secondary market trading, while the rupee also gained, dealers said. In the secondary market 12-month bills traded at 13.00 percent sharp, lower than the auction average of […]
Sri Lanka and Vietnam plan preferential trade deal
July 17, 2012 (LBO) – Sri Lanka and Vietnam are moving towards a preferential trade deal removing non-tarrif barriers and increasing improving air links between the two countries, following, the foreign ministry said. Sri Lanka and Vietnam is also co-operating on defence and maritime security, the statement said. Joint Commission meeting of Sri Lanka and […]
Stocked Up
July 17, 2012 (LBO) – London Stock Exchange group said its Millennium Exchange software has been deployed at the Mongolian Stock Exchange, making in the third location to go live with the platform after Italy and South Africa. “The development of stable, efficient and transparent capital markets infrastructure is a vital step in Mongolia’s journey […]
Investment Award
July 17, 2012 (LBO) – NDB Investment Bank, a unit of Sri Lanka’s NDB group said it had been ranked the best investment bank in Sri Lanka by Euromoney, a specialist financial publication in its 2012 awards. NDBIB struck a partnership with DBS Bank Singapore last year. Vajira Kulatilaka, head of NDB group’s investment banking […]
Screech
July 17, 2012 (LBO) – Sri Lanka’s new vehicle registrations plunged 46 percent to 21,587 in June 2012 from a year earlier, with new three wheelers falling 64 percent an analysis by an equities research unit has shown. An analysis of new vehicle registrations by JB Stockbrokers said new car registrations fell 66 percent to […]
Sri Lanka stocks down 0.5-pct, rupee weaker
July 17, 2012 (LBO) – Sri Lanka’s stocks fell 0.5 percent Tuesday, with large cap stocks including banks losing ground, in a day which a billion US dollar bond was launched in international capital markets, brokers said. Analysts say if the bond proceeds are bought by the Central Bank and large volumes of rupees dumped […]
Sri Lanka launches 2022 sovereign bond
July 17, 2012 (LBO) – Sri Lanka has launched a 10-year sovereign bond with order books opening in Asia on an initial price guidance of 6.125 percent, sources familiar with the issue said. Since its maiden 500 million US dollar 5-year bond in 2007, Sri Lanka has gone to the market four times, with the […]
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July 17, 2012 (LBO) – A 10-year sovereign bond launched by Sri Lanka Tuesday in international markets has been rated (P) B1 by Moody’s, a rating agency which said the country’s external sector has stabilized following policy measures. “The rating continues to be encumbered by the reduction of its large debt overhang and the consequently […]
‘BB- (exp) by Fitch
July 17, 2012 (LBO) – Fitch Ratings has given a ‘BB- (exp)’ rating with a stable outlook for a 10-year sovereign bond launched Tuesday. The full statement is reproduced below Fitch Rates Sri Lanka’s Upcoming Bond ‘BB-(exp)’ Fitch Ratings-Hong Kong-17 July 2012: Fitch Ratings has assigned Sri Lanka’s upcoming USD-denominated global bonds due 2022 an […]