Category: Economy and Markets
Sri Lanka looks at reviving sovereign bond issue : CB Governor
Aug 10 (LBO) – Sri Lanka is looking at reviving a sovereign bond issue, which was shelved earlier this year, to raise medium term dollars, Central Bank Governor Nivard Cabraal said. After getting a sovereign rating last year, (BB- from Fitch and B+ from S & P) Sri Lanka was planning to go to the […]
‘s treasury bill rates move up by 5-basis points
August 8, 2006 (LBO) – Sri Lanka’s borrowing costs moved up on average by 5-basis points, when the Central Bank sold 8.3 billion rupees in treasury bills on Tuesday.Yields for three month notes rose 5-basis points to 10.38 percent, six month treasuries gained 4-basis points to 10.53 percent, while one year bills gained 5-basis points […]
Sri Lanka sells 3-year bonds at 11.05%
August 7, 2006 (LBO) – Sri Lanka’s Central Bank sold three-year treasury bonds at yields of 11.05 percent on Monday, after rejecting all bids at a similar auction last week.The bank offered a billion rupees worth of bonds to the market but accepted only 850 million rupees worth of bids. Current Auction Maturity June 2009 […]
Singer (Sri Lanka) Ltd takes up an extra Rs. 200 mn in debt
August 4, 2006 (LBO) – Singer (Sri Lanka) Ltd has opted to accept up to 800 million rupees in debt after its initial 600 million rupee debenture issue was oversubscribed. Fitch Ratings Lanka, which gave the initial four-year issue a A+(lka) rating said Friday that they were extending the same scale to the extra 200 […]
Sri Lanka’s Jan-June trade deficit widens sharply on oil
August 4, 2006 (LBO) – Sri Lanka’s trade deficit expanded 48.0 percent to 1,793 million dollars for the six months to June, compared with the same period 2005, the central bank said Friday, as the island spent more to import fuel. From January-June, the island imported 4,955 million dollars worth of goods, up 20.3 percent […]
‘s Jan-June trade deficit widens sharply on oil
August 4, 2006 (LBO) – Sri Lanka’s trade deficit expanded 48.0 percent to 1,793 million dollars for the six months to June, compared with the same period 2005, the central bank said Friday, as the island spent more to import fuel. From January-June, the island imported 4,955 million dollars worth of goods, up 20.3 percent […]
Merchant Bank of Sri Lanka picks up AA3 rating
August 2, 2006 (LBO) – Merchant Bank of Sri Lanka Wednesday picked up an AA3 rating from Lanka Rating Agency for their long-term senior debt, the agency said.MBSLs liquidity position had also improved significantly during the year whilst its gearing ratio had been maintained at 1.25 times its shareholders’ funds. The agency, which gave the […]
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August 01, 2006 (LBO) – Fitch Ratings Lanka Tuesday assigned a ‘BBB (lka)’ to Merchant Credit of Sri Lanka for their long-term debt and said the company should pump in more money to beef up their capital base.With 2.2 billion rupees in assets as at December ’05, Merchant Credit’s ownership is split between Bank of […]
Sri Lanka’s consumer prices ease in July to 14.7%
July 31, 2006 (LBO) – Sri Lanka’s consumer prices for July eased marginally to 14.7 percent, the Census & Statistics Department said Monday, as a drop in vegetable prices helped offset hikes in rice, bread and jam. Prices of sugar, garlic, tamarind, red onions, eggs, coconuts and most varieties of vegetables, helped inflation ease up […]
‘s consumer prices ease in July to 14.7%
July 31, 2006 (LBO) – Sri Lanka’s consumer prices for July eased marginally to 14.7 percent, the Census & Statistics Department said Monday, as a drop in vegetable prices helped offset hikes in rice, bread and jam. Prices of sugar, garlic, tamarind, red onions, eggs, coconuts and most varieties of vegetables, helped inflation ease up […]
Sri Lanka to hold aid parley in Dec; asks donors to fund mega projects
July 28, 2006 (LBO) – Sri Lanka is asking donors to concentrate on helping to build mega infrastructure projects, when the annual aid parley meets in December, treasury secretary P B Jayasundara said. The government wants lenders to channel more money to build roads instead of issuing warning signals about a faltering peace process and […]
‘s Leasing securitsed notes to A+(lka)
July 26, 2006 (LBO) – Fitch Ratings Lanka Wednesday has upgraded the Lease Backed Trust Certificates issued by People’s Leasing Trust Nine to ‘A+(lka)’ from ‘A(lka)’. People’s Leasing trust nine, is a special purpose vehicle created by People’s Leasing Company of Sri Lanka (PLC) for the sole purpose of this transaction. The rating action says […]