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CBSL+TO+INTRODUCE+NEW+PRIMARY+ISSUANCE+SYSTEM+FOR+TREASURY+BONDS
Tuesday, 25 July 2017 - 19:43
CBSL TO INTRODUCE NEW PRIMARY ISSUANCE SYSTEM FOR TREASURY BONDS
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Central Bank of Sri Lanka says it will introduce a new primary issuance system for Treasury bonds with effect from Thursday (July 27, 2017).

The new system will replace the existing fully auction based issuance system for T-bonds, that has been in practice since February 2015.

The CBSL said the main purpose of introducing the new system is to further enhance the efficiency and transparency of the domestic borrowings of the Government.

In addition, the CBSL will introduce a new performance review mechanism to assess the effective participation of primary dealers in auctions.

Meanwhile, in order to improve the investment planning of primary dealers and investors at large, a quarterly T-bond auction calendar will be published in the Central Bank of Sri Lanka website in advance.
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