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 ::
Government to recruit more qualified teachers to uplift estate sector schools
-- [8 hours ago]
STF arrests four members of Ava gang in Jaffna
-- [9 hours ago]
Sri Lanka OMP to set up 12 regional offices to inquire into missing persons
All facilities provided to treat viral disease spreading in the South - Health Minister
Sri Lanka NBRO issues red warning on landslides in four districts
Sri Lanka's debt crisis will worsen next year, Finance Minister warns
Agriculture Minister moots long term measure to prevent crop damage by wild animals
Canadian PM calls for lasting peace and true reconciliation in Sri Lanka
Sri Lanka Customs nab Indian national with Rs 40 million worth gold biscuits
National Export Strategy soon to be presented for cabinet approval

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.