Adaption of New System For Issuance of Bonds From Today

The Central Bank  issued a statement today stating  that a new system replacing the existing fully auction based issuance system for Treasury bonds, that has been in place since February 2015 has been introduced from today.

Introduced new system is expected  to enhance the efficiency and transparency of the domestic borrowings of the Government.

The Central Bank statement added the new system is more structured and includes regular monthly Treasury bond auctions.

Clarifying details on the new issuance system Deputy Minister of National Policies and Economic Affairs Dr. Harsha de Silva said any amendments necessary will be made within the next  six month.

The Deputy Minister said the government has taken into consideration the views of experts, Professors and Doctors well versed in the matter including foreign advice, and has taken a decision on how this should be carried out.