Green Money
Solomon Smith Barney, the investment-banking arm of the Citigroup has secured the mandate to raise US$ 150 mn for the government.The mandate is part of the …
Money
Green Deals
The government is tipped to give the mandate to raise long-term dollar funds by as early as October 15, senior Central Bank officials said.Prospective …
Dual Options
The Central Bank is tipped to use more than one investment bank in its quest to raise US$ 350 mn via debt for the country.Around 12 international investment …
Raising Dollars
The Central Bank will tap the Monetary Board next Tuesday to approve plans to raise US$ 350 mn in debt.A senior Central Bank official said Tuesday 12 …
Spreading Risks
Consumer durable giant Singer Sri Lanka said Wednesday it plans to raise long-term funds to retire high cost short-term debt.The firm said its Rs. 300 mn …
Dollar Hunt
Leading global investment banks have shown interest in raising 350 million dollars for the government in the international financial markets.The Central Bank, …
Raising Dollars
Around ten parties answered Central Banks call to raise up to US$ 350 million in medium term funds in the overseas market.rnrnCentral Bank officials say they …
Over And Above
Sri Lankas largest private bank, Hatton National Bank (HNB), said its debenture was oversubscribed by a little over Rs. 1 bn when the issue opened …
Debt Call
The Central Bank on Friday sought proposals from reputed international investment banks to raise dollar funds.The government is looking at raising up to US$ …
Nobly Curve
Central Bank officials say that an initial Rs. 5 bn worth 10 or 12-year bonds will hit the market soon. rnrnThe bank expects long term investors like insurance …
Extended Debt
Superintendent Public Debt, Dharma Dheerasinghe told journalists that the bank hopes to offer around Rs. 5 bn at the initial issue. rnrnThe issue is targeted …
Green Money
Assistant to the Governor, W A Wijewardene says Cabinet approval has been sought to raise the five-year issue, which will form of the government quote s Rs. …
Southern Tip
Tuesday quote s auction saw yields for two, three and four years come under the hammer. rnrnThe bank offered and accepted Rs. 2.000 bn two-year notes carrying …
To Cut Or Not
The Central Bank is strongly tipped to lower its short-term discount rates by up to 100 basis points within the next few days.Central Bank officials had …
Rate Cut
The Central Bank on Friday cut key short-term rates by 100 basis points in line with the bank quote s new policy of making regular changes to its key discount …
Official Nod
A top Central Bank official said that cabinet has already approved the issue as part of the government quote s borrowing programme for 2002. rnThe exact …
Debt For Capital
The bank quote s capital adequacy ratio stands at little over 9 percent, which is just short of the minimum 10 percent criteria Central Bank plans to implement …
Queuing Up
Central Bank officials say J P Morgan, HSBC and Solomon Smith Barney the investment-banking arm of Citi Group have expressed interest to raise up to US$ 400 mn …
Little Push
The Central Bank quote s Public Debt Dept. has issued strict guidelines to putting minimum limits for primary dealers to bid at treasury bond …
Full House
The Central Bank says the response was phenomenon, but stopped short from disclosing how much of bids it received. rnrnThe US$ 91.5 mn of the US$ 250 mn issue …