Lankapage Logo CP 18 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Cabinet nod for Sri Lanka to issue US$ 1.5 bn international sovereign bonds
Wed, Feb 15, 2017, 08:51 pm SL Time, ColomboPage News Desk, Sri Lanka.

Feb 15, Colombo: Sri Lanka's cabinet of ministers has given its approval for the government to issue international sovereign bonds up to US$ 1.5 billion.

A cabinet statement said that according to the Appropriation Bill 2017 the balance outstanding of government's maximum borrowings for the financial year 2017 is Rs. 1,579.11 billion.

It has been estimated that Rs. 1,480 billion is required for payment of loan instalments and interest in 2017.

Accordingly, the Cabinet of Ministers has approved the proposal made by Minister of Finance Ravi Karunanayake to issue international sovereign bonds for obtaining funds up to US$ 1.5 billion.

 


ColomboPage - Recent 10 Stories ::
Children with special needs from India and Sri Lanka to join hands for a musical evening
-- [4 hours ago]
UNP Working Committee decides to adopt resolution of no-confidence against Justice Minister
-- [4 hours ago]
Sri Lanka Finance Minister introduces tax concessions to boost growth
-- [5 hours ago]
Three months concessionary period to pay arrears of taxes for luxury vehicles
Exhibition on Sri Lanka PM's political life opens today
Government to take over Kuliyapitiya Base Hospital
No change in government's decision on polythene ban- President
Ceylon Chamber to host B2B meetings between Sri Lanka and Chinese businesses in automotive sector
Sri Lanka Telecom Group operating profits up 2% to Rs. 37.4 billion in 1H 2017
Sri Lanka Security forces release land to government and legitimate owners

Copyright © 2000, 2016 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.