Sri Lanka’s cash rates rocket to a new 7-year high amidst cash crunch
March 09 (LBO) – Sri Lanka’s overnight rates reached 30 percent amidst tight liquidity, with monetary authorities restricting access to its …
Money
Sri Lanka rakes in US $ 215 mn from dollar bonds while risk premium edges up
March 09 (LBO) – The risk premium demanded by buyers of Sri Lanka dollar bonds edged up Friday, but the government raked in all offers raising four times …
Sri Lanka’s Sampath to raise 250 million rupees of 5-year money
February 26 (LBO) – Sampath bank is raising 250 million rupees through a privately placed debenture to boost its tier two capital, the bank said. It has …
Sri Lanka housing bank to raise 500 million rupees and branch out to lifestyle loans
Feb 15, 2007 (LBO) – HDFC Bank is to raise 500 million rupees through a 4-year debenture shortly and branch out into related lending schemes officials …
Sri Lanka government treasuries edge up in tight conditions
February, 07 (LBO) – Sri Lanka treasuries yields edged up by an average 24 basis points at Wednesday’s auction, the public debt office reported, …
Sri Lanka money rates ease after hitting a 7-year high; volatility may worsen ahead
January 26, (LBO) – Overnight call rates eased to 14.5 percent Friday after a hitting a 7-year high of 23.5 percent two days ago, but dealers expect …
Sri Lanka hits road to raise US$ 200 mn from overseas investors this year: Central Bank
January 22, 2007 (LBO) – Top Central Bank officials will hit the road next month to drum up overseas investor support to raise 200 million dollars in …
Sri Lanka stays pat on key interest rates
January 18, 2007 (LBO) – Sri Lanka’s central bank Thursday left its key policy rates at current levels, amidst soaring inflation, which is giving …
Sri Lanka to use local messaging system for government debt deals
January 11, 2007 (LBO) – Primary dealers have welcomed a Central Bank decision to use a locally developed messaging system to transact small deals in the …
Central Bank of Sri Lanka tightens cash facility to banks from Jan 01
Dec 26, (LBO) – The Central Bank of Sri Lanka has restricted the use of its cash facility to the banking system, from January 01, in a further attempt to …
Foreign banks lend dollars to Sri Lanka govt. at lower rates than locals
December 26, (LBO) – Sri Lanka has raised 100 million dollar syndicated loan from the international banks at a lower rate than previous dollar bond …
Sri Lanka’s Central Bank moves to sooth currency markets
December 20, 2006 (LBO) – Sri Lanka’s central bank Wednesday sought to pour oil on troubled waters saying currency depreciation to date is …
Sri Lanka hikes rates; asks banks to raise deposit rates
December 15, (LBO) – Sri Lanka’s central bank raised its policy reverse repo rate at which cash is pumped into the system by 37.5 basis points to …
Sri Lanka to raise US$100 mn from syndicated loan
December 14, 2006 (LBO) – Sri Lanka Thursday signed up for a 100 million dollar syndicated from Citigroup to help pay for budgetary and balance of …
Humble Philippine peso coin worth more abroad than at home
MANILA, Nov 29, 2006 (AFP) – With a face value of less than two US cents the humble Philippine one peso coin may be worth next to nothing at home but in …
Sri Lanka rupee gains sharply in volatile trading; stocks up
November 22, (LBO) – Sri Lanka rupee zoomed to 106.05 in early morning trade Wednesday, two days after it hit an all time low of 109.40, after …
Sri Lanka’s Central Bank continues to fight inflation with negative interest rates
November 14, 2006 (LBO) – Sri Lanka’s central bank on Tuesday froze interest rates, maintaining a wait-and-see policy over the economy, amidst …
Seylan Bank opts for private placement to beef up capital
November 14, 2006 (LBO) – Sri Lanka’s Seylan Bank Ltd plans to raise a billion rupees by privately placing two tranches of 500 million rupees worth …
Sri Lanka faces tough call on interest rates in face of rising inflation
November 13, 2006 (LBO) – Sri Lanka faces a tough call on interest rates on Tuesday as it balances the need to keep inflation in check and ensure …
Sri Lanka rupee gains on dollar inflows; cash markets awash
November 03, 2006 (LBO) – The rupee gained against the dollar to hit an intra-day high of 106.40 Friday, to settle around 106.70 levels, while cash …