Textured Jersey Lanka PLC (TJL) reported a net profit of Rs.206 million for the quarter ended June 30, 2015 (1Q16), up 26 percent year-on-year (YoY).
The Central Bank has announced that it plans to sell $ 100 million worth of development bonds to foreign and local investors.
Minimum investment for a development bond is $ 100,000 with additional investments in multiples of $ 10,000.
Standard & Poor’s Ratings Services has affirmed its ‘B+’ long-term and ‘B’ short-term sovereign credit ratings on Sri Lanka.
Pressure from sliding commodities prices is spreading from the junk-bond market to a broader gauge of U.S. corporate-credit risk. The cost to insure against default on high-grade bonds as measured by the Markit CDX North American Investment Grade Index rose to 75.1 basis points, the most since December 2014.
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