The Central Bank (CB) on Thursday invited local companies (excluding companies engaged in the finance business) to purchase International Sovereign Bonds (ISBs) issued by the Government in the secondary market.
This has been approved the Cabinet of Ministers and the required regulations have been issued, the CB said in a statement
According to the regulations, companies can invest in ISBs utilising 50 % of the foreign currency borrowed from a person resident outside Sri Lanka in terms of the prevailing Foreign Exchange Regulations and subject to the following terms and conditions.
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Kasun, was born in 28th Sept 1964, the grandson of the legendary author and linguist Munidasa Cumaratunga and son of SSP Bindu Kumaratunga and Winifred
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