CSE, LSE sign MoU in London for dual listing of Lankan dollar bonds

Monday, 13 May 2019 00:41 - - {{hitsCtrl.values.hits}}

London Stock Exchange CEO Nikhil Rathi and Colombo Stock Exchange CEO Rajeeva Bandaranaike sign the MoU in London. UK MP and Minister of State for Asia and the Pacific Mark Field, Central Bank Governor Dr. Indrajit Coomaraswamy. Sri Lankan High Commissioner in UK Manisha Gunasekera, CSE Chairman Ray Abeywardena, SEC Chairman Ranel T. Wijesinha and LSEG Group Shared Services and LSEG Technology Head Sri Lanka Dee Liyanwela

UK High Commissioner via tweet says move “good for business”

The Colombo Stock Exchange (CSE) and the London Stock Exchange (LSE) on Friday signed a Memorandum of Understanding (MoU), aimed at facilitating the dual listing of dollar bonds issued by the Government of Sri Lanka, on both exchanges.

The MoU will immensely strengthen Sri Lanka debt market offering as a gateway to a global exchange with truly world class regulation, technology and depth of market participants. This initiative provides investors the ability to invest in securities that are also listed in one of the most prominent markets in the world, though Sri Lanka, which in turn would propel the CSE to greater heights and increase its visibility both locally and internationally.

Upon hearing the news, British High Commissioner James Dauris tweeted: “Good for business to see MOU signed in London between Colombo Stock Exchange (CSE) and London Stock Exchange Group. London provides access to the deepest pool of international capital in the world and, working in partnership with CSE, can support investment into #SriLanka.”