Sri Lanka is likely to 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," Central Bank official 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.
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