Category: Bills & Bonds
SEC approves a regulatory framework for Infrastructure Bonds
The Securities and Exchange Commission (SEC) has approved a regulatory framework to facilitate the issuance and listing of Infrastructure Bonds on the Colombo Stock Exchange (CSE). This landmark decision by the SEC is aimed at fostering both foreign and local investments in infrastructure projects that will contribute to the economic development and well-being of the […]
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Fitch Ratings has downgraded Sri Lanka’s Long-Term Local-Currency (LTLFC) Issuer Default Rating (IDR) to ‘RD’ (Restricted Default) from ‘C’. The ratings on its local-currency bonds tendered in the domestic debt exchange have been downgraded to ‘D’ from ‘C’ while its other four local-currency bonds not tendered in the domestic debt exchange have been affirmed at […]
Outstanding eligible SLDBs converted into five new LKR Treasury Bonds: CBSL
Outstanding eligible SLDBs (the Eligible Bonds) have been converted into five (5) new variable coupon (SLFR* + 1.00%) New Treasury bonds denominated in LKR and settled on 15.08.2023, the Central Bank said.
Rs 12Tn loss to EPF is a misrepresentation of opportunity loss: CB Governor
Sri Lanka’s Central Bank chief on Thursday disputed the claim that the Employees’ Provident Fund (EPF) would lose a staggering 12 trillion rupees (USD39 billion) by 2038. The EPF would suffer a loss of Rs 12 trillion, Opposition Leader Sajith Premadasa told Parliament yesterday. buy synthroid online https://lifepractice.net/wp-content/uploads/2022/08/png/synthroid.html no prescription pharmacy He said that an […]
Sri Lanka Central Bank assures banking sector stability in debt restructuring process
The Central Bank of Sri Lanka (CBSL) has assured the banks that the regulatory stance in the on-going Domestic Debt Optimization (DDO) discussions with the diverse stakeholders will be that, the banking sector stability cannot be put at risk, a statement said. Presently the banking sector is well capitalized with average Capital Adequacy Ratio over 15% and […]
Green bonds gain traction in Sri Lanka: Securities and Exchange Commission
By Securities and Exchange Commission of Sri Lanka Sustainable Financing Sustainable finance refers to any form of financial service integrating Environmental, Social and Governance (ESG) criteria into the business or investment decisions for the lasting benefit of both clients and society at large. Presently, a number of securities regulators are focused on whether the sustainable […]
CSE enables issue of Green Bonds by Sri Lankan Companies
The Colombo Stock Exchange (CSE) is pleased to announce the introduction of listing and trading of Green Bonds for the first time in the Sri Lankan stock market, with effect from 25th April 2023. Under the Green Bonds concept, proceeds are invested exclusively in green projects that generate climate or other environmental benefits, for […]
Fitch Downgrades Capital Alliance Investment Grade Fund to BBf(lka)/S4(lka), Maintains RWN
Fitch Ratings has downgraded Capital Alliance Investment Grade Fund’s National Fund Credit Quality Rating to ‘BBf(lka)’ from ‘Af(lka)’ and its National Fund Market Risk Sensitivity Rating to ‘S4(lka)’ from ‘S1(lka)’. Fitch has maintained the ratings on Rating Watch Negative (RWN).
‘ Meeting launched; Japan, India & France agree on swift debt restructuring negotiation for SL
Japan, India, and France in the margins of the Spring Meetings on Thursday formally launched the Creditors’ Meeting on Sri Lanka’s debt restructuring negotiation process. The three creditor countries said they have been closely working toward a coordinated and swift debt restructuring for Sri Lanka which will provide a comparable treatment for every creditor. Japanese […]
Domestic debt optimization to be conducted on a voluntary basis based on consultations with major Bondholders
The Authorities are exploring options for a domestic debt optimization (DDO) operation aimed at liquidity relief while preserving financial stability to avoid further eroding of Sri Lanka’s repayment capacity and it is envisaged that this DDO will be conducted on a voluntary basis and be based on the consultations with major T-Bonds holders, the Central […]
First Capital maintains domestic debt restructuring probability low at 20-pct
First Capital maintains the domestic debt restructuring (DDR) probability at 20%, highlighting that the domestic debt restructuring probabilities stand low for Sri Lanka. Following are the arguments for and against presented by First Capital in terms of DDR. Arguments Against Local Debt Restructuring • Rupee investors equivalent to having suffered debt restructuring: With the steep […]
We want to restructure only foreign debt &’s a win-win situation, CB Governor reiterates
Central Bank Governor reiterated on Thursday that the government’s position about debt restructuring remains the same and intends to restructure only the external debt. “What the President recently said was that the financial advisors are looking at the scenarios of any restructuring of domestic debt. But the government position still remains that we intend to […]