Govt to issue 10 year US 500 billion Samurai Bond package
Posted on October 13th, 2019
Courtesy The Daily Mirror
The government is in a move to issue a ten year US 500 billion (600 billion yen) Samurai Bond package to repay foreign loans under the provisions of the Responsible Management Liability Act passed in 2003.
Mizuho Securities Company Ltd., SMBC Nikko Securities Inc., and Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. will act as joint dealers for the bond issue.
Cabinet approval was granted this week for the proposal made by Finance Minister Mangala Smaraweera for this purpose.
The Cabinet nod was also given to purchase 480 125 CC motorcycles at a cost of Rs. 322,650 each from a local company on a proposal made by President Maithripala Sirisena as the defence minister.
Three A320 jet aircraft and seven aircraft engines belonging to SriLankan will be overhauled at a cost of US$ 57,785,317 (Rs. ten billion) on a request made by President Sirisena to the Cabinet. (Sandun A. Jayasekera)
October 13th, 2019 at 10:26 pm
Daily Mirror (and all other media in SL),
For gods sake, get your media men educated in simple arithmetic.
one US $ is about 100 yen and US $ 500 billion is hell of a lot of money.