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Sri Lanka Equity Forum » Stock Market Talk » $ 1 b from China Development Bank in Sri Lanka today

$ 1 b from China Development Bank in Sri Lanka today

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ruwan326

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Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
$ 1 b from China Development Bank in Sri Lanka today-17 Oct 2018



The much-needed $ 1 billion concessionary and long-term loan from the China Development Bank (CDB) is scheduled to be remitted by today, Daily FT learns. 

The eight-year facility has been pending for weeks but Daily FT can confirm that the funds will arrive today, offering a big boost to the country’s reserves and defences against external-factor-led pressure on the rupee. 

The Central Bank is likely to make a formal statement on the receipt of CDB funds today.

Recently Central Bank Governor Dr. Indrajit Coomaraswamy said that apart from the $ 1 billion CDB facility, the Government may consider $ 250 million each Panda and Samurai bonds as well as a $ 1 billion International Sovereign Bond issue to shore up the country’s reserves to ward off the vagaries of pressure on the rupee and debt servicing in 2019.

​​​​​​​http://www.ft.lk/front-page/--1-b-from-China-Development-Bank-in-Sri-Lanka-today/44-664908

Yahapalanaya

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Vice President - Equity Analytics
Vice President - Equity Analytics
@ruwan326 wrote:$ 1 b from China Development Bank in Sri Lanka today-17 Oct 2018



The much-needed $ 1 billion concessionary and long-term loan from the China Development Bank (CDB) is scheduled to be remitted by today, Daily FT learns. 

The eight-year facility has been pending for weeks but Daily FT can confirm that the funds will arrive today, offering a big boost to the country’s reserves and defences against external-factor-led pressure on the rupee. 

The Central Bank is likely to make a formal statement on the receipt of CDB funds today.

Recently Central Bank Governor Dr. Indrajit Coomaraswamy said that apart from the $ 1 billion CDB facility, the Government may consider $ 250 million each Panda and Samurai bonds as well as a $ 1 billion International Sovereign Bond issue to shore up the country’s reserves to ward off the vagaries of pressure on the rupee and debt servicing in 2019.

​​​​​​​http://www.ft.lk/front-page/--1-b-from-China-Development-Bank-in-Sri-Lanka-today/44-664908
Good news buddy.

ruwan326

avatar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Yahapalanaya wrote:
@ruwan326 wrote:$ 1 b from China Development Bank in Sri Lanka today-17 Oct 2018



The much-needed $ 1 billion concessionary and long-term loan from the China Development Bank (CDB) is scheduled to be remitted by today, Daily FT learns. 

The eight-year facility has been pending for weeks but Daily FT can confirm that the funds will arrive today, offering a big boost to the country’s reserves and defences against external-factor-led pressure on the rupee. 

The Central Bank is likely to make a formal statement on the receipt of CDB funds today.

Recently Central Bank Governor Dr. Indrajit Coomaraswamy said that apart from the $ 1 billion CDB facility, the Government may consider $ 250 million each Panda and Samurai bonds as well as a $ 1 billion International Sovereign Bond issue to shore up the country’s reserves to ward off the vagaries of pressure on the rupee and debt servicing in 2019.

​​​​​​​http://www.ft.lk/front-page/--1-b-from-China-Development-Bank-in-Sri-Lanka-today/44-664908
Good news buddy.
But till the Budget 2019 I think market will go like this Wink
So collect good counters with cash so you can hold little longer .

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