Sri Lanka issues US$ 254 million development bonds

sriranga

sriranga

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http://www.cbsl.gov.lk/pics_n_docs/latest_news/press_20130624ea.pdf

Sri Lanka issues US$ 254 million development bonds Bond10

Redbulls · 2 Sri Lanka issues US$ 254 million development bonds Mon Jun 24, 2013 3:30 pm

Redbulls

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June 24, Colombo: Sri Lanka has issued US$ 254 million development bonds following an offer for US$ 50 million 3-year bonds and US$ 25 million 5-year bonds opened from June 17 -24 with the resettlement on July 01, the Central Bank announced today.

Both foreign and local commercial banks subscribed bids at the auction and the US$ 50 million in 3-year tenor was oversubscribed by 1.8 times with total bid received amounting to US$ 90 million.

The US$ 25 million 5-year tenor was oversubscribed 6.56 times with total bid received amounting to US$ 164 million.

The Central Bank had accepted all bids. The US Dollar 6 month LIBOR rate for Monday was 0.4138 percent, the Central Bank said.
http://www.colombopage.com/archive_13A/Jun24_1372057878CH.php

D.G.Dayaratne

D.G.Dayaratne

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i wanted Rs 500 to settle a loan

!0 lenders offered me Rs 5000.

I accept all offers saying all lenders trust me and my economy is very strong

What will happen to me?

Pl correct me if am wrong

sriranga

sriranga

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D.G.Dayaratne wrote:i wanted Rs 500 to settle a loan

!0 lenders offered me Rs 5000.

I accept all offers saying all lenders trust me and my economy is very strong

What will happen to me?

Pl correct me if am wrong

http://forum.srilankaequity.com/t10451p250-entertainment-spot-all-are-welcome#117333

The Broker and The Dead Donkey

A broker named, Jean Paul, moved to Texas and bought a donkey from an old farmer named Ben for $100.

The farmer agreed to deliver the donkey the next day.

The next day, Ben drove up and said, “Sorry, but I have some bad news.The donkey died.”

"Well, then, just give me the money back,” said the broker.

"Can’t do that. I went and spent it already.” Replied Ben.

"OK, then. Just unload the donkey,” said Jean Paul.

”What ya going to do with him?” asked Ben.

”I’m going to raffle him off,” said Jean Paul.

”You can’t raffle off a dead donkey!” uttered Ben.

"Sure can. Watch me. I just won’t tell that he’s dead,” said Jean Paul.

A month later Ben met up with the Cajun and asked, “What happenedwith that dead donkey?”

"I raffled him off, I did. I sold 500-hunderd tickets at two dollars a piece and made a profit of $898,” said Jean Paul.

”Didn’t anyone complain?” inquired Ben.

"Just the guy who won. So I gave him his two dollars back,” said the broker
Source: via email

rainmaker

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DG & Sri your interpretation is not correct. A number of banks have raised US$ in way of foreign loans. Investing in SLDB provides an exit point for them to park the money.

They will borrow in rupees against the SLDB and invest.

The high take up was predicted ..... Another SLDB is required to absorb the money from the BOC and NSB bond sales

Hence there is nothing wrong here. The profits of these two banks will increase

......................

@Sri as an aside I once saw a man raffle is house for 30 million. He made more from the raffle than a normal sale of the house Wink

sriranga

sriranga

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rainmaker wrote:DG & Sri your interpretation is not correct. A number of banks have raised US$ in way of foreign loans. Investing in SLDB provides an exit point for them to park the money.

They will borrow in rupees against the SLDB and invest.

The high take up was predicted ..... Another SLDB is required to absorb the money from the BOC and NSB bond sales

Hence there is nothing wrong here. The profits of these two banks will increase

......................

@Sri as an aside I once saw a man raffle is house for 30 million. He made more from the raffle than a normal sale of the house

Yes, I know that is not for the interpretation of the main news, just a joke for DG's comment.

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Sri Lanka issues US$ 254 million development bonds

1 24.06.2013 CBSL - Issue of Sri Lanka Development Bonds Mon Jun 24, 2013 3:29 pm

sriranga

2 Sri Lanka issues US$ 254 million development bonds Mon Jun 24, 2013 3:30 pm

Redbulls

3 Re: Sri Lanka issues US$ 254 million development bonds Mon Jun 24, 2013 4:09 pm

D.G.Dayaratne

4 Re: Sri Lanka issues US$ 254 million development bonds Mon Jun 24, 2013 4:49 pm

sriranga

5 Re: Sri Lanka issues US$ 254 million development bonds Mon Jun 24, 2013 5:11 pm

rainmaker

6 Re: Sri Lanka issues US$ 254 million development bonds Mon Jun 24, 2013 5:18 pm

sriranga

7 Re: Sri Lanka issues US$ 254 million development bonds

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