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Saturday, 23 June 2012 - 19:39
The Central Bank of Sri Lanka is planning to sell sovereign bonds
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The Central Bank of Sri Lanka had said that on behalf of the Sri Lankan government, it is planning to sell sovereign bonds worth up to 1 billion US dollars, which is most likely to be utilized for the redemption of the country’s first-ever sovereign bond in 2007, which matures in October, this year.

The Central Bank in its statement did not mention about the maturity period of the bond and noted that it will be issued to international capital markets at an ‘appropriate maturity’.

The announcement comes as the rupee traded near its record low of 133.60 against the dollar and traders said the proceeds may be used to stabilize the currency, which has slumped around 17 percent since November.

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