Issue of Treasury bonds: CB has finally vindicated direct placements

The reintroduction of the direct placement system under a new format by the Central Bank is a welcome sign
Restoration of direct placements in Treasury bond issue after two years

 Monday, 14 August 2017

Effective from 27 July 2017, the Central Bank has restored the system of direct placements in the issue of Treasury bonds to its due place. This system, started in 1997 by the then Governor A.S. Jayawardena, was abruptly abolished in February 2015 by the then Governor Arjuna Mahendran a few minutes before the close of the controversial bond issue of 27 February 2015.

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