Inflation ( CCPI)0.5% (Aug 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.61%
12M T-Bill Rate10.03%
2Y T-Bond Rate11.05%/ 11.15%
4Y T-Bond Rate12.85% / 12.95%
USD/LKR299/300
Reserves $5.9Bn (Aug 2024)
Cum. Trade Deficit $2,550 Mn (June 2024 cumulative)
Cum. Fiscal DeficitLKR 599Bn (June 2024)

Investor proposal - Sri Lanka required to source USD 16.6Bn to settle the ISBs for the period : 2024-2038

IMF & Sri LankaApr 22, 2024
Investor proposal - Sri Lanka required to source USD 16.6Bn to settle the ISBs for the period : 2024-2038

Sri Lanka has received a revised investor proposal, known as the "Group's April Proposal," to restructure the defaulted International Sovereign Bonds (ISBs). This comes after reservations were expressed by the Government and IMF about the previous investor proposal.

The proposal outlines the need to settle outstanding interests for ISBs from April 2022 to April 2024, totaling USD 1.678 billion, starting from 2024 to 2028, along with interest for the current period and a proposed consent fee of USD 225 million.

Additionally, the principal ISB amount of USD 12.55 billion is required to be paid with interest starting from 2029 to 2038, making the total settlement USD 16.6 billion over the period from 2024 to 2038.

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.

Copyright © 2024 Charts.lk. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service, Privacy Policy and Cookies Policy.