Daily Mirror - Print Edition

Banks barred from buying ISBs

25 Dec 2020 - {{hitsCtrl.values.hits}}      

Meanwhile, the Central Bank has barred licensed commercial banks and the Wtate-owned National Savings Banks from buying international sovereign bonds (ISBs), which are trading at steep discounts.


“The Central Bank of Sri Lanka observes that a sizable amount of investment in Sri Lanka International Sovereign Bonds (ISBs) has been made by licensed banks thus far during the year,” a Central Bank Direction said.