Inflation ( CCPI)4.0% (Aug 2023)
GDP-3.1% (2Q 2023)
Unemployment4.8% (4Q 2022)
3M T-Bill Rate18.12%
12M T-Bill Rate13.32%
2Y T-Bond Rate14.60%/ 15.00%
4Y T-Bond Rate14.50% / 14.90%
Reserves $3.60Bn (Aug 2023)
Cum. Trade Deficit $2,623 Mn (July 2023 cumulative)
Cum. Fiscal DeficitLKR 1,243 Bn (June 2023)

CBSL announced Five (5) New LKR Treasury Bonds to exchange with USD SLDBs

Interest RatesAug 16, 2023
CBSL announced Five (5) New LKR Treasury Bonds to exchange with USD SLDBs

CBSL in a press release says “Further to the SLDB Exchange Memorandum dated 04 July 2023 (the "Exchange Memorandum") published by the Ministry of Finance, and subsequent announcement of results for the SLDB Invitation to Exchange, outstanding eligible SLDBs were converted into five (5) new variable coupon (SLFR* + 1.00%)”.

The new bond will have a variable coupon rate, which will fall along with the CBSL rate cut and increase with CBSL rate hikes.


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