Inflation ( CCPI)0.9% (March 2024)
GDP4.5% (4Q 2023)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate10.03%
12M T-Bill Rate10.23%
2Y T-Bond Rate10.85%/ 11.00%
4Y T-Bond Rate12.10% / 12.20%
USD/LKR300/301
Reserves $4.951Bn (March 2024)
Cum. Trade Deficit $860 Mn (Feb 2024 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.

Disclaimer

Charts represents an assessment of the market environment as of the date indicated and it is subject to change; and is not intended to be a forecast of future events or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the funds or any issuer or security in particular. The strategies discussed are strictly for illustrative and educational purposes and should not be construed as a recommendation to purchase or sell, or an offer to sell or a solicitation of an offer to buy any security. There is no guarantee that any strategies discussed will be effective.

The information presented does not take into consideration commissions, tax implications, or other transactions costs, which may significantly affect the economic consequences of a given strategy or investment decision. This document contains general information only and does not take into account an individual’s financial circumstances. An assessment should be made as to whether the information is appropriate in individual circumstances and consideration should be given to talking to a financial advisor before making an investment decisions.