Press briefing of Cabinet Decision taken on 2019-10-09

Implementation of the Liability Management Initiatives

- The proposal made by the Minister of Finance, based on the Cabinet decision dated 2019‑09‑03, to secure the necessary funds for settling the Government debts in the near future, within the borrowing limits approved by the Active Liability Management Act, to raise US$500 million (Japanese Yen 60 billion) with a 10 year maturity of SAMURAI Bonds with the possible credit enhancement from the Japan Bank for International Cooperation and to appoint the three banks/investment houses namely, Mizuho Securities Company Ltd., SMBC Nikko Securities Inc. and Mitsubishi UFJ Morgan Stanley Securities Co. Ltd., as Joint Lead Arrangers for the said issuance, according to the recommendation of the Monitory Board of the Central Bank of Sri Lanka, was approved by the Cabinet.