Borrowing Cheap


The Central Bank says it will issue Rs. 2 bn worth of two-year treasury bonds to the debt market, as part of its borrowing programme for March.
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Of the Rs. 27.114 bn worth of treasury bills maturing, the bank has opted to re-issue only Rs.
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20.364 bn worth of paper. The balance Rs. 6.750 bn will be bought by the Central Bank.


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rnThe bank also hopes to retire Rs. 2 bn worth of treasury bills on March 31, 2004.

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-LBO Newsdesk: LBOEmail@vanguardlanka.comrn

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