CB says received 7 responses for remittance securitisation move

The Central Bank yesterday said it had received seven responses for the request for proposals (RFPs) called from the international investor community on November 12, for the arrangement of a medium-term foreign currency financial facility by securitising the foreign currency receipts of the Central Bank under the mandatory sale of 10 percent of workers’ remittance conversions into Sri Lankan rupees by banks.

The deadline for submitting responses was 15.00 hrs on November 30, 2021.

“Accordingly, there were seven responses, among which there were five leading international banks and two established investment arrangers.

These responses are being reviewed to determine the most suited modality to initiate the securitised financing arrangement,” the Central Bank said in a statement.