The yields of Sri Lanka International Sovereign Bonds across all the maturities are up since the first week of September as the USD 1Bn SL ISB payment is on the card within the next two weeks. Sri Lanka CBSL has not decided to re-issue an ISB to cover the payment of USD 1Bn instead of that they entered a Repo agreement with FED to borrowing a maximum of up to USD 1Bn pledging Sri Lanka international Reserves. A Repo contract is a short-term financial instrument for funding purposes.
The value of Sri Lanka International Sovereign Bonds are falling since first week of September
Interest RatesSep 27, 2020