Sri Lanka's UDA to sell Rs30bn listed debt

Market R · 1 Sri Lanka's UDA to sell Rs30bn listed debt Sat Aug 02, 2014 7:01 pm

Market R

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Aug 01, 2014 (LBO) - Sri Lanka's Urban Development Authority is planning to sell up to 30 billion rupees of Treasury guarantee listed debt in three tranches, Chairman Nimal Perera said.

The sale will be managed by state-run People's Bank.

The agency wants to first sell 10 billion rupees of debentures in the first tranche, followed by another 10 billion tranche next year.

"Like that will go up to 30 billion in a period of 3-4 years," Perera said.

The cash will used to build 30,000 houses he said.

aship · 2 Listed Debts......... Tue Aug 05, 2014 10:12 am

aship

Senior Equity Analytic

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Hi,

Are there listed debts with shorter maturity than 5 years?

Associations, Non-profit oriented organisations etc are used to invest excess cash in Fixed Deposits? Isn't it better to invest in secured debts? Hope the return is better?

Thanks