Quick Thinking

Darryll Sinnappa, Country MD, "edotco Sri Lanka" with Mangala Yapa, Chairman, BOI

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

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-LBO Newsdesk: LBOEmail@vanguardlanka.comrn