Category: Companies
‘s Sampath Bank to sell Rs5.0bn in debt
Oct 17, 2013 (LBO) – Sri Lanka’s Sampath Bank said it planned to sell 5.0 billion rupees of debt listed on the Colombo Stock Exchange. The bank will offer 25 million debentures of 100 rupees each, and another 25 million if the first tranche is oversubscribed. Interest earned on listed debentures is tax free. .
‘s Bank of Ceylon says strong demand for debt offer
Oct 17, 2013 (LBO) – A planned 8.0 billion rupee debt offer by state-run Bank of Ceylon is seeing strong demand with preliminary orders and interest assessed at about 15 billion rupees, officials said. Tier II capital instruments are normally not intended for retailers, but only to institutions who are expected to keep an eye […]
” rating confirmed: Fitch
Oct 08, 2013 (LBO) – Fitch Ratings has confirmed a ‘AAA(lka)’ rating of Sri Lanka’s Ceylon Gilt-Edged Fund managed by Ceylon Asset Management Limited. “The ‘AAA(lka)’ National Fund Credit Rating is driven by the fund’s investment in government securities and repurchase agreements backed by government securities only,” Fitch Ratings said. It was also given a […]
Sri Lanka stocks up 0.21-pct, rupee steady
Oct 09, 2013 (LBO) – Sri Lanka stocks closed 0.21 percent higher with foreign investors interest while domestic speculative play was seen on some stocks, brokers said. The Colombo benchmark All Share Price Index closed 12.90 points higher at 5,909.95, up 0.22 percent, after reaching an intraday high of 5,932.32, provisional data showed. The S&P […]
Sri Lanka Treasuries yields ease
Oct 08, 2013 (LBO) – Sri Lanka’s Treasuries yields eased at Wednesday’s auction with the 12-month yield falling 02 basis points to 10.50 percent, data from the state debt office showed. The 6-month yield fell 02 basis points from two weeks ago to 8.58 percent. Last week bids for both 3 and 6 months were […]
Sri Lanka HSBC unit appointed primary dealer in gilts
Oct 09, 2013 – Sri Lanka’s branch of Hong Kong and Shanghai Banking Corporation has been appointed a primary dealer in government securities.The Central Bank said the new dealers will start operations from October 14. A primary dealer can directly participate in auctions of Treasury securities.
SriLankan Airlines commissions A320 hangar
Oct 02, 2013 (LBO) – SriLankan Airlines said it had commissioned a new hangar for Airbus A320 aircraft at which will expand facilities to repair and maintain aircraft. The new hangar will also be equipped to perform full strip and paint jobs on narrow body aircraft later. The new hangar, located at the BIA complex […]
Sri Lanka Treasuries yields flat
Oct 02, 2013 (LBO) – Sri Lanka’s 12-month Treasuries yield fell 05 basis points to 10.52 percent, at Wednesday’s auction and no bids were accepted for other maturities, data from the state debt office said. The debt office offered 5.0 billion rupees of maturing debt at the auction and rejected 3 and 6 month bids. […]
Sri Lanka NSB bond gains, yields plunge in aftermarket
Sept 30, 2013 (LBO) – A bond sold by state-run National Savings Bank at 8.875 this month percent surged in the aftermarket to yield as low as 8.05 percent, giving quick capital gains to investors. NSB sold 750 million US dollars of five year bonds amid unsettled market conditions ahead of a US Fed decision […]
Decent Conditions
KATHMANDU, September 27, 2013 (AFP) – Rights groups urged South Asian governments Friday to demand proper protection for their migrant workers amid outrage over the deaths of dozens of Nepalis on projects linked to the 2022 World Cup in Qatar.While Nepal’s government said it would not try to halt the flow of migrant workers after […]
Climate Funds
Sept 27, 2013 (LBO) – Sri Lanka’s Pan Asia Bank said it had struck a deal to get 20 million US dollars to finance green energy, from in global climate fund. The bank is inviting clients to submit proposals for green projects. The Global Climate Partnership Fund (GCPF) is promoted by the German and Denmark […]
Sri Lanka builds forex reserves by killing rupee liquidity
Sept 27, 2013 (LBO) – Sri Lanka’s central bank has called bids to sell down 10 billion rupees of its portfolio of Treasuries Friday after selling down 8 billion rupees of Treasuries earlier in the week, which will help build up foreign reserves.This year the Central Bank has to repay about 500 million US dollars […]