Sri Lanka’s International Sovereign Bonds Maturing in 2022 Quoted at Discounted Prices, but Volumes not Available for Purchase

As per the “6-month Road Map for Ensuring Macroeconomic and Financial System Stability” presented by the Central Bank of Sri Lanka on 01.10.2021, the International Sovereign Bond (ISB) exposure is to be gradually reduced to around 10 per cent of Gross Domestic Product (GDP) over the next 3 years. In line with this objective, having observed the discounted prices at which the upcoming January and July 2022 ISB maturities were trading during the month of September 2021, the Central Bank explored the possibility of executing a buy-back exercise in consulation with a number of International Banks and Lead Arrangers.


Published Date: 

Monday, October 11, 2021