Inflation ( CCPI)6.4% (Jan 2024)
GDP1.6% (3Q 2023)
Unemployment5.2% (2Q 2023)
3M T-Bill Rate9.79%
12M T-Bill Rate10.02%
2Y T-Bond Rate11.05%/ 11.10%
4Y T-Bond Rate12.20% / 12.30%
USD/LKR313/314
Reserves $4.5Bn (Jan 2024)
Cum. Trade Deficit $4,866 Mn (Dec 2023 cumulative)
Cum. Fiscal DeficitLKR 2,020 Bn (Nov 2023)

The yields of the defaulted Sri Lanka ISBs depressed once again

Interest RatesOct 21, 2022
The yields of the defaulted Sri Lanka ISBs depressed once again

Sri Lanka suspended the payments for ISBs in April and now proposed to restructure those. Sri Lanka defaulted USD 1Bn principal payment and several coupon payments as of now (USD 275Mn), while USD 11.55Bn remaining. Bonds are quoted without accrued interest as per the www.boodsupermarkt.com

Sri Lanka is negotiating to restructure the bonds and progress is yet to disclose. The country had it’s first Creditors meeting on 23rd Sep 2022.

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