Category: Money

The governments US$ 100 mn bond issue opens on Tuesday, to raise funds to bridge the budget deficit.The Sri Lanka Development Bond issue will carry a minimum two-year tenure and will be linked to the six months London Interbank offered rate or LIBOR.rn rnInterest rates will be paid semi-annually, with minimum investment of US$ 100,000 […]

The governments bond issue to raise US$ 91.5 mn opens next week, with initial reports indicating that the issue would be oversubscribed.Dealers expect the Central Bank to take up the oversubscription provided the interest rates hover around two basis points over the six months LIBOR.rn rnThe Central Bank is rolling over US$ 91.5 mn worth […]

The Banks Public Debt Dept., sought offers from the market to raise US$ 250 mn worth of Sri Lanka Development Bonds.rn rnThe Central Bank will roll over US$ 91.5 mn worth of paper when it comes up for renewal on June 28 and issue fresh bills for the balance US$ 158.5 mn. rn rnThe issue, […]

Sampath Bank plans to raise Rs. 1.5 billion by issuing debentures to strengthen its capital base and make long-term money available for lending.The issue which will open later this month will initially target to raise Rs. 1billion with an option to raise a further half a billion in case of an over subscription.rn rnThe five-year […]

Treasury Bill rates remained flat at Wednesdays auction due to excess liquidity in the money market and a steady outlook for short-term interest rates.The Central Bank offered and accepted bids for Rs.8,238 mn, though the auction was oversubscribed with Rs.16,808 mn worth of offers.rn rnTreasury rates for three, six, and one-year remained flat at 7.79 […]

Sampath Bank on Monday secured an A+ (sri) for its long-term debt and an A (sri) rating for its four-year debenture issue from Fitch Ratings.An A+ (sri) rating denotes a low expectation of credit risk. The capacity for timely payment of financial commitments is considered strong. This capacity may, nevertheless be more vulnerable to changes […]

The Colombo Stock Exchange is seeking donor funds to kick-start the derivatives market.The Asian Development Bank (ADB) had earlier helped out with a consultant to study the possibility of introducing derivative trading through the CSE.rn rnWhile the consultants were of the view that the market was illiquid, they said that the introduction of tea futures […]

Treasury bill rates perked up at this weeks auction, ahead of the Central Banks monthly Monetary Policy meeting on Thursday.Three month paper rose two basis points to 7.79 percent, while six and 12 month paper remained flat at 7.76 percent and 7.71 percent, the Central Bank said Wednesday.rn rnThe bank offered and accepted bids for […]

Sri Lankas foreign reserves took a 2.2 percent dip in February, slightly above a 5.7 percent drop in January 2004, according to latest data released by the Central Bank.rnrn Officialrnor Central Bank reserves slipped to US$ 2,277.5 mn, while total reserves, whichrnalso includes private holdings, rose 4.9 percent to US$ 3,374.2 mn.rn SrirnLanka has to […]

Treasury bill yields remained flat at Mondays auction signaling a steady outlook for short-term interest rates.The Central Bank offered and accepted bids for Rs.7,797 mn, though the auction was received bids for Rs.16,242 mn.rn rnThe bank retired Rs. 2,500 mn worth of bill that retired this week.rn rnThree-month yields slipped 200 basis points to 7.77 […]

Treasury Bond yields touched 8.06 percent at this weeks auction for paper maturing in 316 days.The yield is slightly above one-year treasury bill notes which slipped to 7.71 percent at Wednesdays auction.rn rnThe Central Bank said it accepted bids for Rs. 1.5 bn though receiving offers for Rs. 3,160 mn.rn rnThursdays short-term issue carries a […]

Treasury Bill yields fell by 200 basis points at Wednesdays auction due to excess liquidity in the money market and less pressure on short-term interest rates.The Central Bank offered and accepted bids amounting to Rs.6,743 mn, and retired Rs. 1.5 bn worth of bills. The bank said it received bids worth Rs. 13,038 mn.rn rnYields […]