Colombo Stock Exchange signs MOU with London Stock Exchange to facilitate dual listing of dollar bonds
The Colombo Stock Exchange (CSE) and the London Stock Exchange (LSE) had 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 is expected to 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.
The local media reported that 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 has 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 Sri Lanka.”
OSL take:
The MOU between the Colombo Stock Exchange and London Stock Exchange would definitely give a further boost to the strong ties between the two exchanges, which in turn would help the investors. Given the synergy between the Colombo Stock Exchange and London Stock Exchange, foreign investors could confidently look at investment opportunities in the Colombo Stock Exchange.
| Article Code : | VBS/AT/16052019/Z_3 |