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Sri+Lanka%27s+UDA+to+sell+Rs30bn+listed+debt.
Saturday, 02 August 2014 - 19:55
Sri Lanka's UDA to sell Rs30bn listed debt.
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Sri Lanka's Urban Development Authority is planning to sell up to 30 billion rupees of Treasury guarantee listed debt in three tranches.

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

Reports state that it will go up to 30 billion in a period of 3 to 4 years, and the cash will be used to build 30,000 houses.

 
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