The Central Bank will raise nine billion rupees worth of shorter maturity bonds next month to ease the current interest rate pressures.
The new issues which are re-issued under an existing bond series, mature next March and May, also caters to present market appetite for short-term paper.rn
rnThe issue carries a coupon rate of 11.5 percent.rn
rnThe banks Public Debt Dept. said it will also re-issue Rs. 31,535 mn worth of treasury bills and retire Rs. 2.5 bn bills, which was to be retired in April.rn
-LBO Newsdesk: LBOEmail@vanguardlanka.comrn