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Message: <blockquote data-quote="eranga_rama" data-source="post: 18495932" data-attributes="member: 85571">watched the first one hour. No doubt he is a well respected investment strategist, economist in the world. Having said that,He was made aware in early Feb that the govt needed 13.5 Bn to be delivered on 02nd of March. But why did he wait till 27th of February to raise the short fall of 10bn (at a higher interest rate). He himself admits he raised 3.5bn through private placement. And also says as per the public debt manual the central bank should conduct auctions as much as possibles rather than private placements. Another contradicting statement.Got two questions.01. Why did he wait till the last moment to raise the short fall?02. Why did he raise 3.5 bn through private placements, where as he is required to raise the entire 13.5 Bn through auctions. Had the central bank followed proper procedures and acted early they would have been able to save the extra 3% over the 30 year period.</blockquote>

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