Sri Lanka’s Central Bank to sell USD 75mn worth development bonds

Jan 08, 2016 (LBO) – The Central Bank will issue 75 million US dollars of development bonds of one year, two years and three months, and four years and five months to local and foreign investors. The Debt Department said the subscription will be at a floating rate of US dollar six month LIBOR plus […]

Foreign funds overweight on India bonds

Jan 05, 2016 (LBO) – India has a positive story for bonds with some foreign funds investing in emerging markets overweight on Indian bonds, a report said. Falling oil prices improved Indian government finances — the country is a net importer of oil — while a stable currency and limited exposure to China supported these investments. […]

‘s CB to take-over Entrust Securities

Jan 04, 2015 (LBO) – Sri Lanka’s Central Bank is to take-over Entrust Securities Plc, primary dealer in government securities if the company fails to submit a viable restructuring plan today, Governor Arjuna Mahendran said. If a re-structuring plan is not submitted by 6 p.m today the company will be taken-over to protect the government securities market and […]

Sri Lanka T-bill yields up  

Dec 30, 2015 (LBO) – Sri Lankan Treasury Bill yields were up at Wednesday’s auction with one-year yields up 19 basis points to 7.30 percent, a statement said. Three month bills were up 7 basis points to 6.45 percent at the auction and the six month bill yields rose 14 basis points to 6.83 percent. […]

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