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Last updateMon, 24 Jun 2019 2pm

Business News

Sri Lanka Development Bonds, to be issued this year.

Steps have been taken to issue Sri Lanka Development Bonds under the government’s public borrowing programme for 2018. Under the Appropriation Bill number 30 of 2017, the maximum borrowing limit for 2018 is 1,893 billion rupees. 1,313 billion rupees will be obtained from local sources and 580 billion rupees will be obtained from foreign sources.

It was decided to issue the said development bonds under the supervision of Central Bank, for obtaining 3,000 million US dollars.

Minister of Finance Mangala Samaraweera tabled this proposal before the cabinet of ministers today.

Local News