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» My Port Folio Bleeding But Its just the Begining Of..
Sri Lanka eyes Euro, Yen and Renminbi bonds to cut costs EmptyToday at 10:09 am by pathfinder

» අනං මනං! #/+?.<>
Sri Lanka eyes Euro, Yen and Renminbi bonds to cut costs EmptyToday at 7:50 am by ruwan326

» Thread for News on CSE and SL Economy
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Sri Lanka eyes Euro, Yen and Renminbi bonds to cut costs EmptyYesterday at 3:58 pm by The Invisible

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» Browns Investments update
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» "පියසේනට දැං සනීපයි..."
Sri Lanka eyes Euro, Yen and Renminbi bonds to cut costs EmptyFri Jul 19, 2019 10:47 am by Yin-Yang

» What's going to happen
Sri Lanka eyes Euro, Yen and Renminbi bonds to cut costs EmptyFri Jul 19, 2019 6:26 am by serene

» TJL.N0000 (Textured Jersey Lanka PLC.)
Sri Lanka eyes Euro, Yen and Renminbi bonds to cut costs EmptyThu Jul 18, 2019 11:50 am by serene

» CFVF - First Capital
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» විද්‍යාව මිස්ගේ පාඩම...
Sri Lanka eyes Euro, Yen and Renminbi bonds to cut costs EmptyWed Jul 17, 2019 7:27 am by sanjulanka

» Trading Journal
Sri Lanka eyes Euro, Yen and Renminbi bonds to cut costs EmptyTue Jul 16, 2019 11:50 pm by pathfinder

» වචන නම් අපේ ඒත් තනුව ?????????
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» Access Engineering AEL Technical Analysis
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» LFIN - LB Finance
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» Stock Market to stay Bullish
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» Is an emoji a word or a gesture?
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»  Rajgama Heroes !
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» HHL.N0000 ( Hemas Holdings PLC)
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» Easter Sunday Attack and Sri Lanka
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» First capital holdings
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» Cricket !
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» Happy Father's Day !
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» Re: Financial reports Q1-2019
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Sri Lanka eyes Euro, Yen and Renminbi bonds to cut costs

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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 on 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
The Invisible
The Invisible

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