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Sri Lanka’s dollar bonds inched higher by over 1 point across the curve on the back of expectations that they could receive a new disbursement from the IMF in December. In late October, Sri Lanka’s government won an initial staff-level funding approval from the IMF, to receive $330mn via the next loan tranche as part of the fund’s $3bn bailout program. Earlier, the government also said that it expects the IMF executive board to approve the first review by December 6.
Its 7.85% 2029s were up 1.1 points to 49 cents on the dollar
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