The Former head of the Public Debt Department Deepa Senevirathna stated before the Presidential Commission of Inquiry today that the former Central Bank Governor firmly objected to the issuance of bonds under the direct placement system.
She said that the former government sent her a direct verbal instruction as well as instructions in writing with regard to this issue.
Arjuna Mahendran has stated her that a 11.75 interest had been paid for previous bonds issued for a 30 year maturity period.
He has therefore instructed to collect all bids for the bonds during the auction, said the former head of the Public Debt Department when she testified before the Presidential Commission today.
