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Sri Lanka ready to issue the Samurai Bonds to the market after a review

ITN News Editor
By ITN News Editor November 29, 2019 18:59

Sri Lanka ready to issue the Samurai Bonds to the market after a review

Central Bank Governor Dr. IndrajithKumaraswami said the Sri Lankan Government is ready to issue the Samurai Bonds to the market after a proper review. The governor expressed this view attending a media briefing at the Auditorium of the Central Bank.

The Central Bank Governor said Sri Lanka’s planned Samurai bond sale might be pushed back to January from the earlier plan to go to market in December. The new government is reviewing the financing program.

Around 500 million US dollars is expected to be raised from a yen denominated bond which will have a credit enhancement from the Japan Bank for International Co-operation. Mizuho Securities Company Ltd, SMBC Nikko Securities Inc and Mitsubishi UFJ Morgan Stanley Securities Co. Ltd, have been appointed to lead manage the bond.
The Governor added that the 10-year Samurai bond will be equivalent to 500 million US dollars or 60 billion yen.

ITN News Editor
By ITN News Editor November 29, 2019 18:59