Sri Lanka’s Bonds Inch Higher on FM’s Planned India Visit for Relief Package
Sri Lanka’s dollar bonds inched higher by ~2% after news that Finance Minister Basil Rajapaksa would be visiting India in a fortnight to formalize an economic relief package amid depleting forex reserves and food shortages. Sri Lanka has already been in talks with...
Sri Lanka’s Dollar Bonds Rise on Currency Swap Deal with China
Sri Lanka announced on Wednesday that China has approved a $1.5bn currency swap deal, that as per State Minister of Money & Capital Market Ajith Nivard Cabraal will allow the country to weather “present difficulties”. The island nation’s...
