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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.
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350 bn borrowing programme.

rnThe funds could either via a syndicated loan or a medium term note. The government will also not seek a sovereign rating for the issue.

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rnGlobal financial players like Solomon Smith Barney, JP Morgan, HSBC and Standard Chartered Bank have already presented their proposals to the Central Bank.rn

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