Bond issue raises investor confidence
Sri Lanka’s five-year, $500 million bond offering
has received orders worth more than $1.25 billion, which was
oversubscribed three times over. The Government will obtain this
loan at an annual interest of 8.25 per cent, Minister of State
Revenue and Deputy Finance Minister Ranjith Siyambalapitiya said.
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Mahindra and Mahindra to develop $ 200m IT Park
The Mahindra and Mahindra Group of India will
develop an IT park in Katunayake as a joint venture with the Board
of Investment (BoI) Sri Lanka. Speaking at a press conference
yesterday, Minister of Investment Promotion Navin Dissanayake said
this will facilitate the local IT industry. The IT Park will be near
the Katunayake Zone. They expect to finalise the discussions end of
this month.
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Multichemi to open Rs. 350m herbal factory in Horana
Herbarium inside factory compound:
Sri Lanka’s largest herbal cosmetic factory will
be opened at Millewa, Horana next month. The total investment for
this project would be Rs. 350 million, which will be borne by
Natural Beauty Creations, a subsidiary of Multichemi Group.
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