Sri Lanka’s rupee appreciated to open at 297.25/75 against the US dollar on Monday, strengthening from the previous day’s rate of 298.70/299.00, according to market dealers. Bond yields showed an upward trend, with notable increases across several maturities. A bond maturing on 15.12.2027 was quoted at 11.60/70 percent, up from 11.40/55 percent. Similarly, a bond
Sri Lanka’s rupee opened at a stronger rate of 304.20/50 against the US dollar on Tuesday, improving from 304.25/75 the previous day. In tandem, bond yields also experienced a decline for the second consecutive day following the elections. The indicative quote for a bond maturing on May 1, 2027, was recorded at 12.60/80 percent, down
The International Monetary Fund (IMF) has welcomed Sri Lanka’s recent agreement with international sovereign bondholders but emphasized that the deal still requires approval from the Official Creditor Committee (OCC) of bilateral lenders. “We welcome the agreement in principle between Sri Lanka and the representatives of international bondholders, pending confirmation on the comparability of treatment by
HNB Assurance PLC (HNBA) has announced the appointment of Prof. Ananda Jayawardane as a non-executive/non-independent Director, effective August 9. Prof. Jayawardane is a Senior Professor in Civil Engineering at the University of Moratuwa and serves as a Commission Member of the University Grants Commission. He has held governing roles in various public and private sector
People’s Leasing & Finance PLC, a trusted name in Sri Lanka’s non-banking financial sector, has introduced the GoldCash card, an innovative financial tool available to customers from October 1. This new product offers a convenient, flexible, and secure method for individuals to leverage their gold assets for credit. Speaking on the launch, CEO Sanjeewa Bandaranayake
Sri Lanka has made significant progress in its efforts to exit bankruptcy, reaching an agreement in principle with the ad hoc group of bondholders, China Development Bank, and the Local Consortium of Sri Lanka (LCSL) to restructure approximately US $14.2 billion of sovereign bonds. This milestone comes after the country declared a sovereign default in
Sri Lanka’s rupee opened weaker on Friday at 305.00/75 to the US dollar, compared to 304.50/80 on Thursday, according to market dealers. Despite the weaker rupee, bond yields remained broadly steady, while the stock market saw an upward movement. A bond maturing on 15.02.2028 was quoted at 13.60/70 percent, slightly lower than the previous day’s
Sri Lanka’s rupee opened weaker on Thursday at 304.25/50 against the US dollar, compared to Wednesday’s 303.75/85, according to market dealers. Bond yields saw an upward movement, while the stock market opened stronger. In the secondary bond market, a bond maturing on December 15, 2028, was quoted at 11.85/90 percent, up from 11.70/80 percent the
Sri Lanka is expecting a mission from the International Monetary Fund (IMF) in two weeks, President Ranil Wickremesinghe announced at a campaign rally in Homagama on Wednesday. “In two weeks when the IMF team comes, we must either confirm that we will implement the agreement and receive the next installment, or inform them of any
Sri Lanka’s LTL Holding IPO, scheduled for September 13, has been put on hold by the Colombo Stock Exchange (CSE) due to the need for further clarification on new information. The CSE has requested additional details from LTL Holding for review. The statement from the CSE highlighted that the new information should have been disclosed