Money

Double Issue

The company plans to use the funds to help finance its two power projects in Matara and Horana. rnThe group will issue Rs. 200 mn worth of two-year …

Mini Rally

The rupee depreciated by around 20cts from Rs. 94.70 to Rs. 94.90 against the greenback, during the mid-day trading today. rnrnThe Central Bank has yesterday …

Decreasing

The bank said it offered and accepted bids for Rs. 5.569 bn. rnrnThree-month notes slipped six basis points to 12.66 percent, six month treasuries dropped …

Slipping

The bank said it offered and accepted bids for Rs. 500 mn. rnrnThe weighted average yield dropped to 13.73 percent from 14.94 percent recorded in the previous …

High Fever

The repo-rate or the repurchase rate is the key benchmark, which sets the floor in the overnight call money market, as it enables lenders to invest excess …

Big Steps

The bank has amended the existing legislations and created separate categories for commercial banks and non-commercial banks. rnrnThe new guidelines which came …

Multiplying

The Central Bank plans to expand the number of primary dealers dealing exclusively in government debt.rn rnNewcomers will be on par with existing primary …

Slipping

Treasury bonds continued to slide at this week quote s auction with three-year notes shedding three basis points to 14.30 percent, the Central Bank

Another Drop

The bank said the auction was oversubscribed with bids for Rs. 4.850 bn, but the bank offered and accepted bids for only Rs. 1.000 bn. rnrnThe weighted average …

Fresh Notes

Though the euro was introduced two years ago, real notes and coins were only issued on January 1, 2002. rn rnThe old national currencies cease to be legal …