Central Bank to deepen Securities Market

In a fresh initiative to deepen the Government Securities market and to make it more convenient for retail investors to access Government Securities, the Central Bank will set up new retail sales outlets for government securities at its regional offices in Matara, Matale and Anuradhapura, Centre for Central Banking Studies, Rajagiriya and its Customer Centre at the Ceylinco building in Colombo.

New sales outlets will also be established at all regional centres of LankaClear (Pvt) Ltd. This new initiative is expected to enhance the access of retail investors and the public to the government securities market and thereby enhance the investor base of the market.

These new retail sales outlets will be managed by NSB Fund Management Co. Ltd. and LankaClear (Pvt) Ltd.

It has been observed that, at present, the government securities market is largely concentrated in the Western Province, in particular around Colombo and the suburbs.

In this context, the Central Bank of Sri Lanka (CBSL) has recognised that there is a vast potential for the Treasury Bills and Treasury Bonds market outside the Western Province as well.

The new operation will commence on August 10.