Feb 8 (Reuters) - Sri Lanka is likely roll over $500 million worth of two-year development bonds borrowed to fund a raft of infrastructure projects, the central bank said on Tuesday.
The central bank's public debt department said $184 million in development bonds will mature in March, followed by $126 million worth in June and $190 million worth in August.
"There are $500 million worth' of development bonds maturing this year and they are likely to be re-issued," C.J.P. Siriwardena, an assistant central bank governor, told Reuters.
The decision must be finalised by the finance ministry, he said.
Sri Lanka has so far borrowed $1.5 billion through development bonds mainly to fund the $50 billion economy's long-neglected infrastructure projects since the ending of a 25-year war. ($1=110.99 sri Lankan rupees) (Reporting by Shihar Aneez; Editing by Bryson Hull)
source - in.reuters.com
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