Category: Bills & Bonds

Market players were sceptical about government’s ability to rise up to a billion dollars internationally due uncertainty in the economic and security fronts. Market players were sceptical about government’s ability to rise up to a billion dollars internationally due uncertainty in the economic and security fronts. Treasury Secretary P B Jayasundera said on Friday that […]

Sri Lanka’s Hatton National Bank said Monday it is privately raising Rs.1.31 billion in debt to top up its capital and fall in line with regulatory requirements. Sri Lanka’s Hatton National Bank said Monday it is privately raising Rs. 1.31 billion in debt to top up its capital and fall in line with regulatory requirements. […]

Sri Lanka’s Central Bank on Tuesday rejected all bids sent in for the three-year bond auction today, but did not give any reason.Sri Lanka’s Central Bank on Tuesday rejected all bids sent in for the three-year bond auction today, but did not give any reason. The bank said it received offers worth Rs.2.08 billion for […]

A member of the Monetary Board of Sri Lanka, representing the Treasury has criticized the use of market based monetary policy instruments.Treasury Secretary Dr P B Jayasundera said he had no faith in the efficiency of Sri Lanka’s financial system and said the country was blindly following market based monetary policy instruments. “Despite many financial […]

Sri Lanka’s Central Bank rejected bids for eight-year bonds on Tuesday, as the market put in high yields on speculations that interest rates would rise. Sri Lanka’s Central Bank rejected bids for eight-year bonds on Tuesday, as the market put in high yields on speculations that interest rates would rise. Monetary Board member Deva Rodrigo […]

Sri Lanka Telecom’s maiden US$ 100 mn five-year bond issue has been oversubscribed ten times, a spokesman for one of the lead managers said Friday. Sri Lanka Telecom’s maiden US$ 100 mn five-year bond issue has been oversubscribed ten times, a spokesman for one of the lead managers said Friday. Priced under seven percent the […]

The government is tipped to give the mandate to raise long-term dollar funds within days.Prospective investment bankers have said they could raise the funds within a month of the mandate being given.rn rnThe Central Bank has evaluated some 40 proposals and submitted three names endash Deutsche Bank, UBS Warburg and Solomon Smith Barney with Citibank […]