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srilawsby aturio
As enacted
Contents

Part III · Government Borrowing and Debt Management

16. Issuance of Government debt securities in the domestic market

Official English translation. The Sinhala text prevails.

(1)

Issuance of Government debt securities in the domestic market by the Office shall either be by way of auction in accordance with the auction calendar or any other market based mechanism.

(2)

The auction calendar shall be published in the websites of the Ministry of Finance and of the Office at least two weeks prior to the first issuance date planned under the auction calendar and shall cover a minimum of three calendar months on rolling basis from the date of its publication.

(3)

On the recommendation of the Minister and with the approval of the Cabinet of Ministers, Government debt securities may be issued in the domestic market by way of non-market based mechanisms.

Read on from s 17

Part IV

Government Loan Guarantees, Government On-Lending, Suppliers’ Credit Agreements and Finance Lease Agreements

Read on from Part IV

Part V

Records and Publication of Public Debt and Finance Arrangements

Read on from Part V

Part VI

Annual Reporting to Parliament

Read on from Part VI

Part VII

Borrowing and Issuance of Guarantees by State Owned Enterprises and Reporting by Provincial Councils, Local Authorities and State Owned Enterprises

Read on from Part VII

Part VIII

Offences and Penalties

Read on from Part VIII

Part IX

General

Read on from Part IX