Category: Money
To Cut Or Not
The Central Bank is strongly tipped to lower its short-term discount rates by up to 100 basis points within the next few days.Central Bank officials had intimated its thoughts to Chief Executives of commercial bank quote s at a meeting on Thursday. buy albenza online https://yourolddog.com/wp-content/uploads/2020/08/png/albenza.html no prescription pharmacy rnrnMarket sources said the Central Bank […]
Rate Cut
The Central Bank on Friday cut key short-term rates by 100 basis points in line with the bank quote s new policy of making regular changes to its key discount rates, to make it more responsive to market needs.As reported by LBO Thursday, the bank lowered the reverse repurchase rate (reverse repo) to 12. buy […]
Official Nod
A top Central Bank official said that cabinet has already approved the issue as part of the government quote s borrowing programme for 2002. online pharmacy buy spiriva inhaler with best prices today in the USA buy cipro online https://yourolddog.com/wp-content/uploads/2020/08/png/cipro.html no prescription pharmacy online pharmacy buy metformin with best prices today in the USA online […]
Debt For Capital
The bank quote s capital adequacy ratio stands at little over 9 percent, which is just short of the minimum 10 percent criteria Central Bank plans to implement from next year. rnFor the first tranche, the bank will issue debt paper worth Rs. 300 mn, with the option of issuing a further Rs. online pharmacy […]
Queuing Up
Central Bank officials say J P Morgan, HSBC and Solomon Smith Barney the investment-banking arm of Citi Group have expressed interest to raise up to US$ 400 mn for the government. rnAnalysts say the government may even raise as much as US$ 500 mn if the rates are favorable. rnIn the budget the government said […]
Little Push
The Central Bank quote s Public Debt Dept. online pharmacy buy spiriva inhaler with best prices today in the USA buy azithromycin online https://www.dentalcosmetix.com/wp-content/uploads/2022/08/png/azithromycin.html no prescription pharmacy has issued strict guidelines to putting minimum limits for primary dealers to bid at treasury bond auctions.rnBeginning this week, dealers are required to subscribe to a minimum 15 […]
Full House
The Central Bank says the response was phenomenon, but stopped short from disclosing how much of bids it received. rnrnThe US$ 91.5 mn of the US$ 250 mn issue carries a minimum two-year tenure linked to the six months LIBOR plus 200 basis points. rnrnUnlike previous issues, investors had the option of bidding for maturities […]
Long Term Dues
Superintendent Public Debt, Dharma Dheerasinghe told Lanka Business Online that the bank hopes to offer around Rs. 1.5 bn at the initial issue. rnrnThe bond is likely to be priced at around 12 percent to 13 percent, though market players are expecting to bid at around 15.5 percent. rnrnThe ten-year bond, the first in Sri […]
Borrowing Spree
A series of Reconstruction bonds are due to hit the market later this year, while the remaining US$ 91.5 mn of the US$ 250 mn development bonds will be issued later this month. rnrnReconstruction bonds will be issued in rupee and dollar denominated notes. Of this, the bank is looking to raise US$ 300 mn […]
New Faces
There has been a positive response to Central Bank quote s call to expand the government securities market by issuing new licences.rn rnThe bank quote s Superintendent Public Debt, Dharma Dheerasinghe told Lanka Business Online that lquote a few parties have already submitted their applications. quotern rnrnMarket watchers speculated that the new comers include Peoples […]
Final Issue
The two-year bond will be linked to the six months London interbank offered rate or LIBOR. online pharmacy buy arimidex with best prices today in the USA buy arimidex online https://lifepractice.net/wp-content/uploads/2022/08/png/arimidex.html no prescription pharmacy rn rnThe government last year said it was raising up to US$ 250 mn through the bond issues to help bridge […]
Moving On
The Central Bank cut its key short-term discount rate by lowering the overnight reverse repurchase rate (reverse repo) by ten basis points to 13.75 percent this morning.The announcement is in line with the bank quote s new policy of making regular changes to its key discount rates, to make it more responsive to market developments, […]
