by Amruth Sundarkumar | Sep 26, 2022 | Insights, Sovereign Bonds, Sovereigns
Sri Lanka had announced suspension of payments on its $51bn external debt calling it a “last resort” emergency measure, pending restructuring. Its creditors, including foreign governments, are free to capitalize any interest payments due or opt to be paid...
by Amruth Sundarkumar | Feb 17, 2022 | Sovereign Bonds, Sovereigns
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...
by bondevalue | Mar 11, 2021 | Sovereign Bonds
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...
by bondevalue | Mar 8, 2021 | Sovereign Bonds, Sovereigns
The Sri Lanka sovereign has imposed some capital controls and import restrictions to partly end reliance on the IMF. The nation has about $3.7bn of foreign debt maturing this year and has been tapping non-debt avenues to build its FX reserve buffer. They have already...
