Govt to issue 10 year US$ 500 million Samurai Bond package

12 October 2019 08:12 am - 11 - {{hitsCtrl.values.hits}}

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The government is in a move to issue a ten year US$ 500 million (60 billion yen) Samurai Bond package to repay foreign loans under the provisions of the Responsible Management Liability Act passed in 2003.

Mizuho Securities Company Ltd., SMBC Nikko Securities Inc., and Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. will act as joint dealers for the bond issue.

Cabinet approval was granted this week for the proposal made by Finance Minister Mangala Smaraweera for this purpose.

The Cabinet nod was also given to purchase 480 125 CC motorcycles at a cost of Rs. 322,650 each from a local company on a proposal made by President Maithripala Sirisena as the defence minister.

Three A320 jet aircraft and seven aircraft engines belonging to SriLankan will be overhauled at a cost of US$ 57,785,317 (Rs. ten billion) on a request made by President Sirisena to the Cabinet. (Sandun A. Jayasekera)

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Comments - 11

Dee Saturday, 12 October 2019 08:16 AM

Just hold on till November. No need to repair. We will purchase A380 aircraft and have daily flights from MRIA to LAX.

D perera Saturday, 12 October 2019 09:51 AM

Yes Mangala, your days are numbered too. By the way figures are wrong some where. 1 billion US $ equals to 108 billion Yen.

Jayantha Saturday, 12 October 2019 10:44 AM

Do you have money?

Manu Saturday, 12 October 2019 08:49 AM

Stop all now. Don't rob this money and burden the country ay more. People are going to send you home now.

Release your deposits Saturday, 12 October 2019 09:07 AM

Who will take, all the Sri Lankan assets have been sold or not effective money. Country is servicing on a day to day basis.

Graham Saturday, 12 October 2019 09:21 AM

Pls wait till November 16th country will echo what elpitiya people spoke.....

Manu Saturday, 12 October 2019 09:26 AM

So you want to burden the next govt. with more debts.

Manu Saturday, 12 October 2019 09:43 AM

Wait till the election is over. No hurry. All these election gamble will not work now. People know what to do.

Rosh Saturday, 12 October 2019 09:50 AM

This should be stopped. The President leaves in 30 odd days. The present adminstration is on the way out in a few months. Let the next government decide if this is feasible and required.

Samantha Saturday, 12 October 2019 10:17 AM

I want to reply Manu. Do you really believe Gota going to win ? On what basis/ Let us assume he got half of the Sinhalese votes. Then what? Do they have a secret plan this time? let us know.

Sambo Saturday, 12 October 2019 10:32 AM

Borrowing from Peter to pay Paul. You will have to sell this country to back that amount. So do think we should still agree to your policies and vote for you.

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Govt to issue 10 year US$ 500 million Samurai Bond package

Comments - 11

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