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Sri Lanka gets US$1bn eight-year loan from China Development Bank EmptyToday at 5:00 pm by Ethical Trader

» Dividend Announcement
Sri Lanka gets US$1bn eight-year loan from China Development Bank EmptyToday at 4:52 pm by Ethical Trader

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Sri Lanka gets US$1bn eight-year loan from China Development Bank EmptyToday at 11:50 am by serene

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Sri Lanka gets US$1bn eight-year loan from China Development Bank EmptyToday at 7:43 am by serene

» Thread for News on CSE and SL Economy
Sri Lanka gets US$1bn eight-year loan from China Development Bank EmptyYesterday at 7:18 pm by NIRMALSG

» විද්‍යාව මිස්ගේ පාඩම...
Sri Lanka gets US$1bn eight-year loan from China Development Bank EmptyYesterday at 7:27 am by sanjulanka

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Sri Lanka gets US$1bn eight-year loan from China Development Bank EmptyTue Jul 16, 2019 11:50 pm by pathfinder

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Sri Lanka gets US$1bn eight-year loan from China Development Bank EmptyTue Jul 16, 2019 8:08 pm by Rana

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Sri Lanka gets US$1bn eight-year loan from China Development Bank EmptyMon Jul 15, 2019 3:07 pm by NIRMALSG

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Sri Lanka gets US$1bn eight-year loan from China Development Bank EmptySun Jul 14, 2019 8:57 am by NIRMALSG

» Cricket, meet Capitalism
Sri Lanka gets US$1bn eight-year loan from China Development Bank EmptyFri Jul 12, 2019 1:24 pm by කිත්සිරි ද සිල්වා

» LFIN - LB Finance
Sri Lanka gets US$1bn eight-year loan from China Development Bank EmptyThu Jul 11, 2019 11:27 am by Ethical Trader

» අපි නොදන්න චෙස් කිව්වලු !
Sri Lanka gets US$1bn eight-year loan from China Development Bank EmptyTue Jul 09, 2019 6:25 pm by serene

» Stock Market to stay Bullish
Sri Lanka gets US$1bn eight-year loan from China Development Bank EmptyMon Jul 08, 2019 7:51 am by කිත්සිරි ද සිල්වා

» Is an emoji a word or a gesture?
Sri Lanka gets US$1bn eight-year loan from China Development Bank EmptyMon Jul 08, 2019 7:46 am by කිත්සිරි ද සිල්වා

»  Rajgama Heroes !
Sri Lanka gets US$1bn eight-year loan from China Development Bank EmptyMon Jul 08, 2019 7:39 am by කිත්සිරි ද සිල්වා

» HHL.N0000 ( Hemas Holdings PLC)
Sri Lanka gets US$1bn eight-year loan from China Development Bank EmptySun Jul 07, 2019 12:25 pm by dhanurrox

» Checkmate, meatbags !
Sri Lanka gets US$1bn eight-year loan from China Development Bank EmptySun Jul 07, 2019 7:20 am by spw19721

» GLAS.N0000 (PIRAMAL GLASS CEYLON PLC)
Sri Lanka gets US$1bn eight-year loan from China Development Bank EmptySat Jul 06, 2019 8:13 am by කිත්සිරි ද සිල්වා

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Sri Lanka gets US$1bn eight-year loan from China Development Bank EmptyFri Jul 05, 2019 6:11 pm by serene

» SAMP.N0000 (SAMPATH BANK PLC)
Sri Lanka gets US$1bn eight-year loan from China Development Bank EmptyThu Jul 04, 2019 8:55 am by serene

» Easter Sunday Attack and Sri Lanka
Sri Lanka gets US$1bn eight-year loan from China Development Bank EmptyThu Jul 04, 2019 8:46 am by කිත්සිරි ද සිල්වා

» අනං මනං! #/+?.<>
Sri Lanka gets US$1bn eight-year loan from China Development Bank EmptyWed Jul 03, 2019 10:07 pm by ruwan326

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Sri Lanka gets US$1bn eight-year loan from China Development Bank EmptyWed Jul 03, 2019 1:37 pm by serene

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Sri Lanka gets US$1bn eight-year loan from China Development Bank EmptyMon Jul 01, 2019 11:33 am by serene

» අනිසි ලෙස කොටස් මිල හැසිර වූ ආයෝජකයින් දෙදෙනෙකුට සුරැකුම්පත් කොමිසමෙන් නඩු
Sri Lanka gets US$1bn eight-year loan from China Development Bank EmptyFri Jun 28, 2019 2:11 pm by Ethical Trader

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Sri Lanka gets US$1bn eight-year loan from China Development Bank EmptyFri Jun 28, 2019 7:46 am by serene

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Sri Lanka gets US$1bn eight-year loan from China Development Bank EmptyFri Jun 28, 2019 7:33 am by serene

» SERV - The Kingsbury
Sri Lanka gets US$1bn eight-year loan from China Development Bank EmptyThu Jun 27, 2019 8:27 pm by ruwan326

» TPL.N0000 (TALAWAKALE PLANTATIONS )
Sri Lanka gets US$1bn eight-year loan from China Development Bank EmptyWed Jun 26, 2019 2:22 pm by nuwanmja

» Life After Google
Sri Lanka gets US$1bn eight-year loan from China Development Bank EmptyTue Jun 25, 2019 5:28 pm by කිත්සිරි ද සිල්වා

» S&P ශ්‍රී ලංකා 20 දර්ශකයේ වෙනසක්. CTC, NTB, රිචඩ් පීරිස් සහ ටෝක්යෝ සිමෙන්ති ඉවතට
Sri Lanka gets US$1bn eight-year loan from China Development Bank EmptyTue Jun 25, 2019 6:37 am by nihal123

» Future of Tea Industry
Sri Lanka gets US$1bn eight-year loan from China Development Bank EmptyMon Jun 24, 2019 6:54 pm by hammurabi

» Cricket !
Sri Lanka gets US$1bn eight-year loan from China Development Bank EmptyMon Jun 24, 2019 2:22 pm by කිත්සිරි ද සිල්වා

» DIPD.N0000 (Dipped Products)
Sri Lanka gets US$1bn eight-year loan from China Development Bank EmptyMon Jun 24, 2019 11:40 am by Ethical Trader

» DOCK.N0000 (COLOMBO DOCKYARD PLC)
Sri Lanka gets US$1bn eight-year loan from China Development Bank EmptySun Jun 23, 2019 9:14 pm by hammurabi

» මිල සූත්‍රය වැරදුණාද, වැරැද්දුවාද?
Sri Lanka gets US$1bn eight-year loan from China Development Bank EmptyFri Jun 21, 2019 5:25 pm by Ethical Trader

» Happy Father's Day !
Sri Lanka gets US$1bn eight-year loan from China Development Bank EmptyMon Jun 17, 2019 8:58 pm by spw19721

» DPL.N0000 (Dankotuwa Porcelain PLC)
Sri Lanka gets US$1bn eight-year loan from China Development Bank EmptySun Jun 16, 2019 7:12 am by NIRMALSG

» Re: Financial reports Q1-2019
Sri Lanka gets US$1bn eight-year loan from China Development Bank EmptyFri Jun 14, 2019 8:57 pm by dhanurrox

» SEYB.N0000 ( SEYLAN BANK PLC )
Sri Lanka gets US$1bn eight-year loan from China Development Bank EmptyThu Jun 13, 2019 8:11 pm by ruwan326

» NTB.N0000 (NATIONS TRUST BANK PLC)
Sri Lanka gets US$1bn eight-year loan from China Development Bank EmptyThu Jun 13, 2019 8:08 pm by ruwan326

» PABC.N0000 (Pan Asia Banking Corporation PLC)
Sri Lanka gets US$1bn eight-year loan from China Development Bank EmptyThu Jun 13, 2019 8:06 pm by ruwan326

» NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC)
Sri Lanka gets US$1bn eight-year loan from China Development Bank EmptyThu Jun 13, 2019 7:58 pm by ruwan326

» HNB.N0000 ( Hatton National Bank PLC)
Sri Lanka gets US$1bn eight-year loan from China Development Bank EmptyThu Jun 13, 2019 7:57 pm by ruwan326

» HDFC.N0000 (HOUSING DEVELOPMENT FINANCE CORPORATION BANK OF SRI LANKA)
Sri Lanka gets US$1bn eight-year loan from China Development Bank EmptyThu Jun 13, 2019 7:48 pm by ruwan326

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Sri Lanka gets US$1bn eight-year loan from China Development Bank EmptyThu Jun 13, 2019 7:45 pm by ruwan326

» COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC )
Sri Lanka gets US$1bn eight-year loan from China Development Bank EmptyThu Jun 13, 2019 7:43 pm by ruwan326

» Should CSE be like this? Whose FAULT is it?
Sri Lanka gets US$1bn eight-year loan from China Development Bank EmptyWed Jun 12, 2019 5:21 pm by Yin-Yang

» CCS.N0000 ( Ceylon Cold Stores)
Sri Lanka gets US$1bn eight-year loan from China Development Bank EmptyTue Jun 11, 2019 9:15 pm by ruwan326

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Sri Lanka gets US$1bn eight-year loan from China Development Bank

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Sri Lanka gets US$1bn eight-year loan from China Development Bank Empty Sri Lanka gets US$1bn eight-year loan from China Development Bank

Post by The Invisible on Thu Oct 18, 2018 7:42 am

ECONOMYNEXT – Sri Lanka has got a billion dollar loan from China Development Bank (CDB) with an eight-year maturity and three-year grace period, the central bank announced in a statement.

It did not say what the interest was except that “the interest cost is highly competitive and linked to 6 month US dollar LIBOR (London inter-bank offered rate).

“The repayment will be in equal semi-annual payments after the grace period. The resulting inflow increases the official foreign reserves by US$1,000 million.”

The central bank said the government had invited to submit proposals from international and domestic banks and investment houses for a Foreign Currency Term Financing Facility (FCTFF).

This was to be denominated in United State dollar, Japanese yen or euro or of their combination up to a limit of US$1,000 million in March 2018.

Four proposals were received from international and domestic banks and investment houses.

“A Cabinet appointed Steering Committee and Technical Evaluation Committee chose China Development Bank as the syndicate arranger based on least cost and longer maturity period given in its proposal submitted,” the central bank said.
(COLOMBO, 17 Octber, 2018)
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Sri Lanka gets US$1bn eight-year loan from China Development Bank Empty Re: Sri Lanka gets US$1bn eight-year loan from China Development Bank

Post by serene on Thu Oct 18, 2018 7:47 am

Good that they fill the coffers  to meet the lavish spending of the members of the next government.


Last edited by serene on Thu Oct 18, 2018 7:53 am; edited 1 time in total

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Sri Lanka gets US$1bn eight-year loan from China Development Bank Empty Re: Sri Lanka gets US$1bn eight-year loan from China Development Bank

Post by The Invisible on Thu Oct 18, 2018 7:51 am

The next government too forms the same members but color may be different.

I expect some appreciation in LKR against USD during next one to two weeks time as I expect more selling of USD export proceeds before the loan proceeds comes into BOP.
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Sri Lanka gets US$1bn eight-year loan from China Development Bank Empty Re: Sri Lanka gets US$1bn eight-year loan from China Development Bank

Post by කිත්සිරි ද සිල්වා on Thu Oct 18, 2018 7:52 am

ණය අරන් මඩිස්සලේ තියා ගැනිමත් ඉස්සර ණය අරන් තණ කොළ වවපුවා වගේ වෙනවා ඒවා සල්ලි පැටව් ගස්සන දෙයකට නොයෙදෙව්වොත්. Shocked

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Sri Lanka gets US$1bn eight-year loan from China Development Bank Empty Re: Sri Lanka gets US$1bn eight-year loan from China Development Bank

Post by The Invisible on Thu Oct 18, 2018 8:00 am

මෙහෙම කරන්නත් පුලුවන්....එක බැන්කුවකින් අරගෙන තව බැන්කුවකට ගෙවන්නත් පුලුවන්. ණය එසේමයි නමුත් සන්චිතත් එසේමයි......

So no issues for the Dollar, isn't it.

Smart thinking lol!
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Sri Lanka gets US$1bn eight-year loan from China Development Bank Empty Re: Sri Lanka gets US$1bn eight-year loan from China Development Bank

Post by serene on Thu Oct 18, 2018 8:06 am

The Invisible wrote:මෙහෙම කරන්නත් පුලුවන්....එක බැන්කුවකින් අරගෙන තව බැන්කුවකට ගෙවන්නත් පුලුවන්. ණය එසේමයි නමුත් සන්චිතත් එසේමයි......

So no issues for the Dollar, isn't it.

Smart thinking lol!  

He he.
Issue is mun poliya gewannawath weda karanne nane.

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Sri Lanka gets US$1bn eight-year loan from China Development Bank Empty Re: Sri Lanka gets US$1bn eight-year loan from China Development Bank

Post by Brave Heart on Sun Oct 21, 2018 7:42 pm

Sri Lanka rupee is continue to slide down. Can the Government keep rupee at least 180 range by the end of the year? Are they capable of managing this while having the market-driven exchange rate mechanism. Or will CB consider implementing controlled exchange rate policy as a temporary remedy ?

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Sri Lanka gets US$1bn eight-year loan from China Development Bank Empty Re: Sri Lanka gets US$1bn eight-year loan from China Development Bank

Post by Brave Heart on Wed Oct 24, 2018 11:33 am

When these proceeds are coming to Sri Lanka.?

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