BondEvalue is now BondbloX! Existing users can continue to login via the button below

This site uses cookies to provide you with a great user experience. By using BondbloX, you accept our use of cookies.

Bond Market News

Sri Lanka Open to Seeking IMF Loan: Sources

March 11, 2022

Sovereign Bonds

Sri Lanka is said to be open to seeking a loan from the IMF according to a source. The nation had only recently ruled out an IMF bailout with its depleting forex reserves raising default risks on its July dollar bond repayment. Sri Lanka earlier this month, resorted to a currency devaluation of up to 15% to encourage remittances and investments into the country. Regarding its July dollar bonds, CreditSights analysts say that the probability of repayment is low.

Sri Lanka’s dollar bonds were slightly higher, trading at 42-47 cents on the dollar.

Share this

Looking for more ?

Curated global bond market news - delivered to your inbox everyday.

Go back to Latest bond Market News

Related Posts:

Sri Lanka’s Bonds Dip Further As July Maturity Looms

June 24, 2021

Sri Lanka’s Bond Move Higher; Central Bank Plans to Acquire $650-700mn from Forex Surrenders

July 13, 2021

Sri Lankan Bonds Rise Ahead of Talks to Decide on IMF Bail-out Financing

January 4, 2022

Our Awards

BondbloX Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.

Disclaimer

Cookies Policy

Security

Registered office: 8 Marina View, #43-062 Asia Square Tower 1, Singapore 018960