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The Investor Sentiment - Equity and investments forum for Sri Lankans

The Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSEThe Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSE

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Latest topics

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Sri Lanka eyes Euro, Yen and Renminbi bonds to cut costs EmptyWed Apr 12, 2023 5:41 pm by කිත්සිරි ද සිල්වා

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Sri Lanka eyes Euro, Yen and Renminbi bonds to cut costs EmptySun Apr 02, 2023 7:28 am by කිත්සිරි ද සිල්වා

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    Sri Lanka eyes Euro, Yen and Renminbi bonds to cut costs

    The Invisible
    The Invisible


    Posts : 3116
    Join date : 2016-11-28
    Age : 45

    Sri Lanka eyes Euro, Yen and Renminbi bonds to cut costs Empty Sri Lanka eyes Euro, Yen and Renminbi bonds to cut costs

    Post by The Invisible Thu Aug 23, 2018 10:33 am

    ECONOMYNEXT - Sri Lanka will study the feasibility of selling Euro, Yen and Renminbi in a bid to reduce costs of foreign borrowing, the state information office said.

    The cabinet of ministers had given the nod for the finance ministry to set up a committee to determine whether diversifying away from the US dollar can cut interest costs.

    Sri Lanka has up to now only sold dollar-denominated sovereign bonds.

    Central Bank Governor Indrajit Coomaraswamy said Sri Lanka wanted to sell a 250 million US dollar Panda (Renminbi) bond later in 2019.

    The overall cost will be assessed with a Renminbi/dollar swap, he said. Sri Lanka's rupee is loosely pegged to the US dollar and the dollar is also the intervention currency.

    There were also offers to sell Samurai (Yen) bonds

      Current date/time is Sat Nov 16, 2024 3:02 pm