An invitation to the Sri Lankan Diaspora & the migrant Working Community to invest in Sri Lanka Government Securities through National Savings Bank a Lead Manager appointed by the Central Bank of Sri Lanka.
Sri Lanka Government Treasury Bills and Treasury Bonds are sovereign investment instruments which provide the opportunity for Sri Lankans living overseas to contribute to the economic development of the country.
Right now, You may not be receiving sufficient return
for your hard earned foreign exchange that is kept abroad
These are default risk free investments, since it is issued by a sovereign government. Hence, they are called gilt edged securities.
You can get a higher rate of interest since the yield rates are determined in the market.
Since these Treasury Bills and Treasury Bonds are tradable in the secondary market, you can obtain instant liquidity by selling them in the market.
All receipts of interest/maturity proceeds and capital gains are fully repatriable.
During the last 3 years, the Sri Lanka rupee has depreciated against the US dollar by an annual average rate of 3.4 percent only.
You could also have a joint investment with some other person or persons. Hence, it is a very good way to share your investments with loved persons.
You are not subject to further taxation, since the withholding tax of 10 percent charged at source, is the final tax. Further no stamp duty is payable on these securities.
You can benefit by the service of the state of the art, fully automated Central Depository System (CDS) of Lanka Secure, which will issue periodic statement to the investors, confirming their holdings and transactions
You can play our part in the effort to rebuild our country and contribute by
investing in Government Treasury Bills and Treasury Bonds.
A Treasury Bill is a short term debt instrument issued by the Government of Sri Lanka under the Local Treasury Bill Ordinance with maturities of 90 days, 182 days, 364 days.
A Treasury Bond is a medium to long term debt instrument issued by the Government of Sri Lanka under the Registered Stock and Securities Ordinance with maturities of 2-10 years.
In terms of annual borrowing targets specified in the Appropriation Act which is approved by the Parliament annually, the Government of Sri Lanka is authorized to issue Treasury Bills/Treasury Bonds.
As an Agent of the Government of Sri Lanka, the Public Debt Department of the Central Bank of Sri Lanka (CBSL) issues Treasury Bills/Treasury Bonds and pays interest and maturity proceeds on due dates.
Any one of the following categories:
Eligible investors are permitted to purchase Treasury Bills/ Treasury Bonds issued by the government of Sri Lanka from direct placement/primary auctions through Lead Managers.
Eligible investors are permitted to enter into Repo/Reverse Repo transactions using Treasury Bills/Treasury Bonds purchased under this scheme as collateral.
Eligible investors are permitted to sell Treasury Bills/Treasury Bonds in the secondary market at any time.
You can purchase Treasury Bills/Treasury Bonds at any time through NSB appointed by the CBSL for trading in Government securities for the Sri Lankan diaspora.
In order to make arrangements for fund transfers, fill the format given below & submit to open a Rupee account named “Treasury Bill/Bond investment External Rupee Account Deshabhimani (TIERA-D) with us.
To make your investment in Treasury Bill or Bond fill the form 11 given below online and submit to select the desired maturity period and the yield. Please refer to type of security and the indicative yield given in this page and the Rupee commission rate.
On Receipt of your remittance together and the form 1 and II. We will confirm your TIERA-D account details and the investment in Govt. Securities.
After completing the transaction, NSB will open a security account for you in the CDS maintained by Lank secure of CBSL. This account is debited /credited simultaneously, based on your transactions.
Interest/maturity proceeds relating to Treasury Bills/Treasury Bonds are credited on due dates directly to your account we responsible to collect and pay dues to you on the due dates.
After making the investment, you can apply for a password protected on-line viewing facility through the internet (https://www.cbsl.lk/lankasec/).
|Currency||TT Buying||TT Selling|