Sovereign Bond oversubscribed
Investor demand exceeds over USD 6 billion:
This was the third international sovereign bond
offering, following issues in 2007 and 2009. The offering attracted
an order book that exceeded USD 6.3 billion within 14 hours of
opening on September 27 2010, thereby being over-subscribed by more
than six times. This clearly underscores the high global investor
confidence based on the recent progress and the future prospects in
Sri Lankan economy since the end of the conflict in the country, the
Central Bank said yesterday.
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Slump in ornamental fish exports
Lack of air cargo, direct flights hampers
business:
Sri Lanka needs to record a 10 percent growth in
years to come to be more competitive in the global ornamental fish
market, Export Development Board Fishery Sector Deputy Director O M
C Kumudini said.
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SMB Leasing to raise Rs 581 million from rights issue
SMB Leasing PLC (SMBL) plans to issue
841,455,314 new ordinary voting and ordinary non-voting shares to
shareholders in a new equity capital infusion of Rs 581 million that
will improve the liquidity position of the company and fund working
capital requirements.
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