Author: lbostgadmin
Sri Lanka govt finances on track as per budget: Ravi K
July 13, 2016 (LBO) – Sri Lanka’s government finances this year are on target as estimated in the last budget, Finance Minister Ravi Karunanayake said. “Our revenues are on target as per the last budget. Excise collections are up 40 percent,” Karunanayake told reporters without giving details. Sri Lanka has revised down the 2016 budget […]
‘s post-war reconciliation efforts
July 12 (Reuters) – The United States on Tuesday praised Sri Lanka‘s steps taken under a U.N. resolution to address alleged human rights abuses in the final phase of a 26-year war with Tamil Tiger rebels, and said it would do what it could to see through the process. Washington along with other Western nations […]
PTL Watch: Sri Lanka bond yields dip after sovereign issue
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HSBC partners with GoSL for first dual-tranche sovereign bond issuance
The Central Bank of Sri Lanka (CBSL), on behalf of the Democratic Socialist Republic of Sri Lanka, successfully launched and raised USD1.5 billion in a dual-tranche 5 and 10 year bond. The size of the new 5.5 year bond was USD500 million with a coupon of 5.75% p.a. maturing in 2022. The size of the […]
‘s Prime Minister meets Iranian religious leader Ayatollah Khomeini
Prime Minister Ranil Wickremesinghe met the Iranian religious leader Ayatollah Khomeini at Temple Trees today (12).
S&”’
July 12, 2016 (LBO) – S&P Global Ratings has assigned its ‘B+’ long-term issue rating to the global bond issued by Sri Lanka (B+/Negative/B). The senior unsecured bond constitutes direct, unconditional, unsubordinated, and unsecured general obligations of the issuer, and payments will be backed by the full faith and credit of Sri Lanka. The dual tranche […]
Trainings to be conducted by CSE on Mobile Trading
The Colombo Stock Exchange (CSE) will be conducting a range of training programmes around the country to educate investors on the use of mobile trading applications. The series of educational events, which will be conducted free-of-charge, will demonstrate how investors could obtain the full benefits of mobile trading. Trainings in Sinhala, Tamil and English mediums […]
‘s sovereign bond orders hit USD5.5 bln, govt raises USD1.5 bln (Updated)
July 12, 2016 (LBO) – The Central Bank of Sri Lanka on behalf of the government successfully raised 500 million dollars through 5.5-year sovereign bonds and one billion dollars through 10-year sovereign bonds The Central Bank said the “successful issuance” was Sri Lanka’s 10th US Dollar bond issuance and the first dual-tranche offering. The Bonds […]
‘s sovereign bond orders top USD4.5 bln: source
HONG KONG/COLOMBO July 11 (Reuters) – Sri Lanka’s first dual-tranche sovereign bond orders exceeded $4.5 billion while the final guidance for both tranches fell at least 25 basis points from the initial guidance, a source close to the deal told Reuters. The source said the final guidance for the 5.5-year tranche was about 5.8 percent […]
PTL Watch: Yields ease ahead of sovereign bond issue
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US envoy to assess Sri Lanka’s commitments for Human Rights
Assistant Secretary of State for Democracy, Human Rights, and Labor Tom Malinowski will visit Sri Lanka and Cambodia from July 12 to 20, where he will engage with government officials and local civil society representatives. In Sri Lanka, Assistant Secretary Malinowski will focus on Sri Lanka’s continued progress in meeting the commitments made during last […]
VAT increase will apply after Parliament approval: Prime Minister
July 11, 2016 (LBO) – The Supreme Court’s interim order issued today suspending VAT increase is not expected to have any adverse impact on the government’s revenue collection, Prime Minister said. Releasing a statement Prime Minister Ranil Wickramasinghe said the VAT (Amendment) Bill has already been presented to the Parliament for the first reading on […]