Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය
Submit Post
Submit Post

Latest topics

» SRI LANKA @ 2020
by ruwan326 Today at 7:58 am

» Financial Reports Q-3 2018
by ruwan326 Yesterday at 7:52 pm

» Summary of Key Announcements during the week
by ruwan326 Yesterday at 7:34 pm

» Dealing by directors
by ruwan326 Yesterday at 7:30 pm

» CSE WEEKLY
by ruwan326 Yesterday at 7:28 pm

» Daily Foreign Transactions
by ruwan326 Yesterday at 7:24 pm

» THE MAN WHO KILLED THE SRI LANKAN STOCKMARKET!
by ruwan326 Yesterday at 12:41 pm

» MARKET CRASH - GUARANTEED
by samaritan Yesterday at 9:03 am

» We Have Fresh Cut Bank Guarantee For Lease and sale (BG/SBLC - Tura
by king12 Yesterday at 7:32 am

» ඉන්ධන මිල සූත්‍රය මෙන්න
by ruwan326 Thu Oct 18, 2018 7:34 pm

» Daily Stock Market Update
by Insights Equity Thu Oct 18, 2018 5:53 pm

» Dreams of big profits as marijuana becomes legal in Canada
by janith123 Thu Oct 18, 2018 3:07 pm

» $ 1 b from China Development Bank in Sri Lanka today
by ruwan326 Thu Oct 18, 2018 10:20 am

» US Share Market Crash Seems to Good for Sri Lankan/Asian Share Market and Currencies
by Yahapalanaya Thu Oct 18, 2018 9:59 am

» Banking sector profits seen losing steam ahead of 3Q earnings season
by Yahapalanaya Thu Oct 18, 2018 9:50 am

» Dr. Ali Gulamhusein resigns from People’s Leasing board, amid litigation/floundering listed companies
by ruwan326 Thu Oct 18, 2018 7:24 am

» Sri Lanka to revoke rogue bikini ban
by ruwan326 Thu Oct 18, 2018 6:58 am

» ORIENT FINANCE PLC - RATING REVIEW
by ruwan326 Wed Oct 17, 2018 8:43 pm

» EPF needs governance overhaul to invest in Sri Lanka stock market
by janith123 Wed Oct 17, 2018 4:58 pm

» MD behave like ANIMAL
by janith123 Tue Oct 16, 2018 4:48 pm

» Sri Lanka may be one of few countries who takes ridiculous tax
by soileconomy Tue Oct 16, 2018 7:50 am

» ALHP WILL MOVE UP SOON
by ruwan326 Tue Oct 16, 2018 7:27 am

» Stock Broker Companies for sale
by janith123 Mon Oct 15, 2018 9:26 pm

» Fresh push to woo UK investors to SL
by ruwan326 Mon Oct 15, 2018 8:03 pm

» Central Bank will intervene if rupee moves on speculation – official
by Yahapalanaya Mon Oct 15, 2018 6:18 pm

» FUTURE WINNING STOCKS AT BOTTOM LEVEL
by Yahapalanaya Mon Oct 15, 2018 6:15 pm

» Nimal returns to stock market
by sapumal Mon Oct 15, 2018 4:53 pm

» Stock price decline leaves John Keells (JKH) vulnerable to a takeover by Sri Lanka’s oligarchs
by ruwan326 Mon Oct 15, 2018 8:08 am

» අනං## මනං ##
by ruwan326 Sat Oct 13, 2018 9:45 pm

» Weekly Stock Market Roundup
by Insights Equity Fri Oct 12, 2018 8:55 pm

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market News » Ravi K says Japan agrees USD2.5bn development loan to Sri Lanka

Ravi K says Japan agrees USD2.5bn development loan to Sri Lanka

Go down  Message [Page 1 of 1]

fireshelter

avatar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
May 19, 2016 (LBO) – Finance Minister Ravi Karunanayake told Parliament Thursday that Japan has agreed to provide about 2.5 billion US dollars worth development policy loan to Sri Lanka.

This has been revealed yesterday when Japanese Prime Minister Shinzo Abe’s Special Representative Hiroto Izumi called on Prime Minster Ranil Wickremesinghe, Finance Minister said.

“Mr. Izumi also talked about issuing USD1.2bn bond,” Karunanayake said.

“We are using this yen loan for the goods we are importing from Japan. Japan has provided us with a yen loan with 0.05 percent interest.”

Karunanayake however said due to the exchange rate risk the government is looking for a dollar swap for the yen loan.

Finance Minister pointed out that the country had to pay thrice for the loans taken for the Port in 1980, because of exchange rate depreciation.

“So the Central Bank will get a dollar swap protecting the exchange rate fluctuation risk,” Karunanayake said.

“Even with the swap we still have about 2 percent interest advantage against a commercial bond.”

Finance Minister further stated that the government is also looking at taking about one billion US dollars below 2 percent interest from the newly established Asian Infrastructure Bank by July.

Gainer

avatar
Associate Director - Equity Analytics
Associate Director - Equity Analytics
GOOD NEWS

fireshelter

avatar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Very Happy Very Happy

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum