NDB & CRISIL to launch Lanka’s only Fixed Income Indices

NDB Capital Holdings PLC today announced the introduction of a family of fixed income indices in Sri Lanka which would measure the performance of government securities of selected maturities namely; NDBIB-CRISIL 91 Day T-Bill Index, NDBIB-CRISIL 364 Day T-Bill Index, NDBIB-CRISIL 3 year T-Bond Index and NDBIB-CRISIL 5 year T-Bond Index

Addressing the media Chairman of NDB Bank PLC said that the bank took pride to initiate and support the development of the debt market in the country particularly at a juncture when the Government of Sri Lanka had much emphasized on this area in the Budget 2013 to attract more investment in to government securities from both local and foreign investors.

The indices have been developed and will be maintained by CRISIL Limited India, a global analytical company specialized in providing ratings, research and policy advisory services. The company will tomorrow unveil the four indices with the auspices of the Governor of the Central Bank of Sri Lanka, Ajith Nivard Cabraal.