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Tag: Srilanka Development Bonds

  • Central Bank of Sri Lanka waiting for right time to rise up to US $1.5billion bond

    Sri Lanka Central Bank Governor Arjuna Mahendran said to news that the Sri Lanka is waiting for the right time to launch a sovereign bond of up to US $1.5 billion, possibly with a longer tenure to roll over its debts in 2015. The island nation’s last sovereign bond of US $500 million was priced…

  • Shangri-La Increases Investment to US$ 450 Million

    The Shangri-La hotel chain, which will be initiating Sri Lanka’s first seven star hotel, has revised its plan of construction and has decided to increase their investment to US $450 million, excluding the cost of the land and along with an increase of rooms from the initial 500 to 625. The hotel is to be…

  • 350 metres Lotus Tower on progress to be the tallest in Lanka

    The Lotus Tower that Is being constructed down D.R. Wijewardene Mawatha has reached a height of 50 metres now. The telecommunication regulatory official stated that feasibility studies for the second, phase of the project are ongoing with the finalisations to structural drawings. It will take another one or two months for the feasibility studies to…

  • Sri Lanka Development Bonds issue on

    The Central Bank on behalf of the Government will issue Sri Lanka Development Bonds (SLDBs) of US Dollars 60 million in 3 year tenors to eligible investors for subscription at a rate of US Dollar 6 month LIBOR plus a margin to be determined through competitive bidding. The offer was opened from March 3 for…