Committee probing Treasury Bond issue to submit report in two weeks

November 18, 2024

Development - Provincial

Committee probing Treasury Bond issue to submit report in two weeks ^Featured

March 17, 2015

The three-member committee appointed to probe the controversial Treasury Bond issue will submit its report to the PM within the next two weeks, Chairman of the Committee attorney-at-law Gamini Pitipana said.

Pitipana said that the Committee is trying to finish the report in the next two weeks or three at the latest with two sittings already being held and with more sittings to continue.

Prime Minister Ranil Wickremasinghe on March 09 appointed the three-member committee to investigate the matters concerning the bond issue. Mahesh Kalugampitiya and Chandimal Mendis are the other two members of the committee.

At the Treasury Bond Auction held on 27 February, the 30-year bonds were to be issued at a market rate of 9.5 percent to raise Rs.1 billion. The issue was however closed at 12.5 percent with the Bank accepting Rs.10 billion from Rs. 20.7 billion bids received.