Sri Lanka’s rupee opened flat at 293.05/15 to the US dollar on Thursday, unchanged from the previous day’s rate of 293.00/20, while bond yields remained steady, according to dealers. A bond maturing on December 15, 2027, was quoted at 11.45/50 percent, slightly up from 11.40/55 percent the previous day. Similarly, a bond maturing on February
Sri Lanka’s rupee appreciated on Tuesday, closing at 293.15/20 against the US dollar, up from the previous day’s rate of 293.45/55, according to market dealers. This marks a continued strengthening trend for the local currency. Meanwhile, bond yields showed a slight increase ahead of significant Treasury bill and bond auctions scheduled for this week. A
On Thursday, the Sri Lankan rupee opened weaker at 296.60/297.20 to the US dollar, compared to 296.40/80 the previous day, according to dealers. Bond yields also saw an uptick. A bond maturing on 15th December 2027 was quoted at 11.35/50 percent, up from 11.15/30 percent. Meanwhile, a bond maturing on 15th February 2028 was quoted
Sri Lanka’s dollar bonds took a significant hit following the victory of leftist candidate Anura Kumara Dissanayake in the presidential election, raising concerns about the country’s $3 billion International Monetary Fund (IMF) bailout and ongoing debt restructuring deals. Bonds maturing in March 2029 saw a sharp decline of 3.1 cents, their biggest drop in nearly
According to the Financial Times, Sri Lanka is exploring innovative debt restructuring measures, including the introduction of GDP-tied payouts into bonds, in an effort to attract international investors back to emerging markets. The country and its bondholders have reportedly agreed in principle to replace its $13 billion debt in default with macro-linked bonds that would