Inflation ( CCPI)35.3% (April 2023)
GDP-12.4% (4Q 2022)
Unemployment4.8% (4Q 2022)
3M T-Bill Rate25.60%
12M T-Bill Rate22.97%
2Y T-Bond Rate29.25%/ 30.00%
4Y T-Bond Rate27.25% / 27.35%
USD/LKR297/298
Reserves $2.75Bn (April 2023)
Cum. Trade Deficit $862Mn (March 2023)
Cum. Fiscal DeficitLKR 2,300 Bn (Dec 2022)

Sri Lanka International sovereign bond gains along with IMF Board Level Agreement

Interest RatesMar 22, 2023
Sri Lanka International sovereign bond gains along with IMF Board Level Agreement
This story is available exclusively to charts.lk subscribers. Become an member and start reading now.

Sri Lanka has issued USD 12.55Bn ISNs in total, out of which USD 1.0Bn is defaulted and USD 667Mn of interest payment is in arrears as at end of February 2023. The Long-Term Foreign-Currency Credit rating of Sri Lanka is at Default status. Despite all, Sri Lanka ISBs gained in the international market.

IMF in its statement says “For external private debt, a principal reduction is assumed, with amortization beyond the program period, implying a large NPV reduction.”

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.