Sri Lanka successfully settles maturing international sovereign bond of USD 1bn: CBSL

Oct 02, 2020 (LBO) – Sri Lanka’s Central Bank says that they have successfully completed the settlement of the maturing International Sovereign Bond of US dollars 1 billion along with the due coupon payments, on behalf of the Government.

“This settlement reconfirms the Government’s unwavering commitment to honour its foreign labilities, thereby bolstering investor confidence and dispelling any concerns foreign investors may have in relation to the Government’s ability and willingness to maintain its unblemished debt servicing record,” the Central Bank said in a statement.

The domestic foreign exchange market has already reacted positively to this settlement and other recent positive developments in the Sri Lankan economy.

“With the envisaged inflows to the domestic foreign exchange market supported by proactive measures taken by the Government and the Central Bank, the market sentiment is expected to further strengthen in the period ahead.”