Sri Lanka’s Central Bank Governor says Sri Lanka to sell sovereign bond before the end of the year
Governor of the Central Bank of Sri Lanka (CBSL), Indrajit Coomaraswamy has reportedly stated that Sri Lanka expects to sell a sovereign bond before the end of the year
He has also noted that a billion dollar loan from China Development Bank is expected to come within a week.
According to reports, the Governor has said that Sri Lanka wants to go for a sovereign bond as soon as possible before the US hikes rates and interest rates go up.
He has further noted that Sri Lanka also expects to sell a US$ 250 million Panda (Yuan) bond and US$ 250 million Samurai (Yen) bond this year.
The Governor has added that the volume of the International Sovereign Bond had not been decided, but bond dollar markets are much more liquid that Yuan and Yen markets.
The sale of a sovereign bond is an ideal opportunity for foreign businesses/investors to invest in Sri Lanka. Despite volatile global economic conditions, Sri Lanka has been resilient and has recorded growth in several key economic sectors like tourism, construction and exports. The country is on a continuous growth momentum and investing in Sri Lanka’s sovereign bonds will be an ideal investment opportunity.
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