Inflation ( CCPI)1.7% (June 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.14%
12M T-Bill Rate9.95%
2Y T-Bond Rate10.10%/ 10.20%
4Y T-Bond Rate11.60% / 11.70%
USD/LKR303/304
Reserves $5.6Bn (June 2024)
Cum. Trade Deficit $2,180 Mn (May 2024 cumulative)
Cum. Fiscal DeficitLKR 361Bn (April 2024)

The yield of the Sri Lanka ISBs stabilized after the launch of the DDR

InternationalSep 21, 2023
The yield of the Sri Lanka ISBs stabilized after the launch of the DDR

Sri Lanka launched its domestic debt restructuring in July. It managed the complete SLDB, superannuation fund restructuring by mid of September and expects to finish the CBSL T-Bill restructuring within three weeks. EDR will start after completing the DDR.

At the moment government is continuing with bilateral debt restructuring, which will be easier than restructuring external commercial debts. The risk of holding ISBs has been reduced in the international market, despite nothing is been traded after default. But the yield/price reflects risk appetite.

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