CBSL announces fresh bond issue amidst allegations of irregularities

CBSL announces fresh bond issue amidst allegations of irregularities

CBSL announces fresh bond issue amidst allegations of irregularities

Written by Bella Dalima

21 Mar, 2015 | 11:38 pm

The Central Bank of Sri Lanka has announced another Treasury Bond issue next week, even while allegations of irregularities at a previous bond issue continue to mount.

The Central Bank hopes to raise Rs.30 billion for the government through these bonds. An announcement issued by the Central Bank states that they have planned to issue bonds of ten billion rupees, maturing in four years and six months, and another 20 billion rupees maturing in eight years and five months.

The interest rate for the Rs.10 billion  bond series is 10.6 percent, while the Rs.20 billion bond series will go for an interest rate of 11.2 percent.

The bond auction will take place on March 26.

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