Sri Lanka’s bonds take a beating

By Alice Huang, Morgan Davis
18 May 2020

Sri Lanka’s dollar bonds were among the worst performing high yield notes in Asia last week, as the country continues to battle the Covid-19 pandemic and refinancing pressures loom.

The country’s bonds made up eight of the 10 worst performing high yield bonds in Asia last week, according to CreditSights research. Its paper fell between 2.75 and 5.99 points, putting most below a cash price of 50.

Sri Lanka’s bonds have been steadily falling into distressed territory since ...

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