Author: lbostgadmin
Sri Lanka shares close up 0.4-pct
Apr 08, 2014 (LBO) – Sri Lanka’s shares close up 0.39 percent higher with diversified John Keells Holdings gaining amid favorable bond market conditions, brokers said. Asian Hotels and Properties closed 2.00 rupees higher at 65.00 rupees and HNB closed 2.80 rupees lower at 150.20 rupees. Carson Cumberbatch closed 4.00 rupees lower at 361.00 rupees […]
Sri Lanka sells US$500mn bonds at 5.125-pct; oversubscribed 8.3 times
Apr 08, 2014 (LBO) – Sri Lanka has sold a 500 million dollar 5-year bond to yield 5.125 percent a year, lower than a 6.0 percent paid in January, with the offer oversubscribed 8.3 times. Fund managers took 81 percent of, banks 13 percent, private banks 3 percent and insurers 3 percent. Sri Lankan bonds […]
‘s Hemas Holdings billion rupees debt offer to open April 23
April 08, 2014 (LBO) – A billion rupee listed debt offer by Sri Lanka’s Hemas Holdings will open on April 23, the Colombo Stock Exchange said. Hemas will offer 5 million 100 rupee debentures and another 5 million debentures if the first tranche is oversubscribed. Fitch has rated the debt ‘A+(lka)’.
Sri Lanka 5-year yield a new benchmark: Standard Chartered
Mar 08, 2014 (LBO) – Sri Lanka’s 5-year bond at 5.125 percent set a new benchmark and showed investor appetite for the country’s credit, Standard Chartered Bank, a joint lead arranger to the sale said. Yields on emerging market bond spiked in the second half of 2013 amid uncertainty over a decision by the US […]
HSBC in seven Sri Lanka sovereign bond sales in a row
Apr 08, 2014 (LBO) – HSBC said it had helped lead manage all seven sovereign bond sales for Sri Lanka since 2007 following the latest sale Monday of 500 million US dollar 5-year bond for 5.125 percent. Public debt is managed for the Treasury by the Central Bank of Sri Lanka (CBSL). “We feel it’s […]
Sri Lanka celebrates biggest cricket win in 18 years
COLOMBO, April 6, 2014 (AFP) – Sri Lanka fans at home burst firecrackers and danced on the streets as the national team won the World Twenty20 title beating India by six wickets in Dhaka on Sunday. Instant celebrations broke out at cricket grounds and public parks in the capital Colombo as well as in suburban […]
Cricket: Sri Lanka beat India to win World Twenty20
DHAKA, April 6, 2014 (AFP) – Kumar Sangakkara hit a memorable half-century to help Sri Lanka to a six-wicket victory over India in the World Twenty20 final in Dhaka on Sunday. The veteran left-hander knocked a 35-ball 52 not out in his last Twenty20 match to guide the Sri Lankan chase of a modest 131-run […]
Cricket: Sri Lankan suffers heart attack after betting on India
COLOMBO, April 7, 2014 (AFP) – A Sri Lankan fruit seller suffered a massive heart attack and died after he lost a $300 bet that India would win the cricket World T20 tournament, police said Monday. S. P. Kumara placed the 40,000-rupee bet on the eve of Sunday’s final, wrongly predicting that Sri Lanka would […]
Sri Lanka finally taste Cup success as India crumble
DHAKA, April 7, 2014 (AFP) – Sri Lanka’s stunning victory over India in the World Twenty20 final underlines how success in hit-and-run cricket depends not on form, but on how a team performs over those three hours in the field. Singh’s inconsistent form, which has already seen the cancer survivor axed from the Test and […]
Cricket: Sri Lanka brace for biggest party after war
COLOMBO, April 7, 2014 (AFP) – Sri Lanka was preparing to throw its biggest party since the end of the country’s ethnic war Monday after beating India in the final of cricket’s World T20 tournament. Government officials said that arrangements were being made to fly the team home early from Bangladesh to attend a ticker-tape […]
‘s Lankem Ceylon ups effective control of power firm
Apr 07, 2014 (LBO) – Sri Lanka’s Lankem Ceylon Plc said it is buying a 43.5 percent stake in Waverly Power (Pvt) Ltd, a hydro electricity company for 102 million rupees.The stake was held by another Lankem unit, Agarapatana Plantations Ltd, Lankem said in a stock exchange filing. Agarapanta is not a listed company. Prior […]
Rotana Jet starts Sri Lanka flights to Colombo, Matala
Apr 07, 2014 (LBO) – Abu Dhabi based Rotana Jet said will start flying to Sri Lanka’s Colombo and Matala airports from April 09, three times a week.The airline will use Airbus 319 aircraft from Al Bateen Airport in Abu Dhabi on Wednesdays, Thursdays and Saturdays. The airline said it hopes to increase frequencies to […]