IMF support, new CB governor propel Sri Lanka to bond success

sri lanka fisherman px230
By Rashmi Kumar
12 Jul 2016

Everything fell into place for the Sri Lankan government’s return to the debt market on Monday when it sealed $1.5bn from a dual-trancher, shrugging off concerns about its fiscal problems and recent rating downgrade.

The country could not have found a more opportune window for its dollar transaction. From the global market perspective, the US released a set of positive non-farm payroll data on Friday last week, which saw employment numbers increasing by 287,000 in June 2016. That caused markets across the ...

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