Sapugaskanda oil refinery to temporarily halt operations

Sri Lanka raises US$2.0bn from sovereign bonds

Sri Lanka has raised 2.0 billion US dollars from 5 and 10 year sovereign bonds issued yesterday, the Central Bank of Sri Lanka said today. The Central Bank of Sri Lanka (?CBSL?), on behalf of the Democratic Socialist Republic of Sri Lanka (?Sri Lanka?), returned to the U.S. dollar bond markets, successfully pricing a new issuance of U.S.$500 million 5-year and U.S.$1.5 billion long 10-year Senior Unsecured Fixed Rate Bonds (the ?Bonds?) with maturity dates of June 28th, 2024 and March 28th, 203

25 Jun, 2019

Ravi.K’s daughter Onella appears before the CID

The Police Criminal Investigations Department (CID) today questioned Minister Ravi Karunanayake?s daughter Onella. She was ordered to appear before the CID to make a statement over allegations she gave false evidence before the Commission investigating the treasury bond scam. Onella was questioned by the CID on June 6 as well and her parents are also expected to be questioned. Ravi Karunanayake was one of the main accused in the scam which took place when he was the Finance Minister.? (Colomb

25 Jun, 2019

Moody’s assigns B2 rating to Sri Lanka’s proposed senior unsecured US dollar bonds

Moody’s Investors Service (“Moody’s”) has today assigned a B2 rating to the Government of Sri Lanka’s proposed senior unsecured US dollar-denominated bonds. The rating is based on the preliminary offering memorandum received on 19 June, 2019. The bonds will rank pari passu with the Government of Sri Lanka’s current and future senior unsecured external debt. The B2 rating assigned to the notes mirrors the Government of Sri Lanka’s issuer rating of B2. The proceeds of the bonds are intended to

24 Jun, 2019