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6 months ago
Sri Lanka to raise up to $2.5 bln this year via syndicated loan, sovereign bonds -cbank chief
February 8, 2017 / 6:54 AM / 6 months ago

Sri Lanka to raise up to $2.5 bln this year via syndicated loan, sovereign bonds -cbank chief

COLOMBO, Feb 8 (Reuters) - Sri Lanka is in the process of borrowing up to $2.5 billion via syndicated loan and sovereign bonds, Central Bank Governor Indrajit Coomaraswamy said on Wednesday.

"The cabinet has approved to raise up to $1 billion through syndicated loan and we are waiting for cabinet approval to go for up to $1.5 billion sovereign bond," Coomaraswamy told reporters in Colombo.

Reporting by Shihar Aneez; Editing by Shri Navaratnam

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