Sri Lanka eases rules on foreign investments
The Central Bank of Sri Lanka on Tuesday announced a relaxation of the country's regulations on foreign investments in local firms and on foreign loans taken out by domestic firms.
Under the new rules, foreigners can invest in corporate debentures raised by local companies free from the previous ceiling that was imposed on the interest rate of the debentures. The requirement for the maintenance of a sinking fund by the issuing company was also removed by the central bank. Finally, the minimum
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Most read
- Luxembourg governor becomes victim of deepfake attack
- BIS predicts AI will be inflationary in long term
- Bank and non-bank links pose systemic risk, NY Fed warns