header logo
සිංහලதமிழ்
Vallibel FD
vallible LE
Latest
Sri Lanka repays local ISB holders with new rupee bonds
Dec 21, 202406:21 PM
Google NewsAdd on Google
Sri Lanka repays local ISB holders with new rupee bonds
Mobitel inner 1278

Sri Lanka has repaid defaulted local bondholders with floating-rate rupee bonds, maturing between March 2023 and September 2043, as part of the restructuring of defaulted International Sovereign Bonds (ISBs), which was completed on December 20.

 

Sri Lanka has issued 8 tranches of bonds of Rs. 19.46 billion to local bondholders totaling Rs. 155.7 billion.

 

The local bondholders, mainly banks, which had seen bad loans hurting capital, do not face a principal reduction, according to the Central Bank of Sri Lanka (CBSL).

 

The bonds will carry a coupon rate 50 basis points above the central bank’s Standing Lending Facility (SLF) rate. The SLF rate used will be the six-month historical average, calculated 30 days prior to the interest payment date.

 

 

 

Disclaimer: All the comments will be moderated by the AD editorial. Abstain from posting comments that are obscene, defamatory or slanderous. Please avoid outside hyperlinks inside the comment and avoid typing all capitalized comments. Help us delete comments that do not follow these guidelines by flagging them (mouse over a comment and click the flag icon on the right side). Do use these forums to voice your opinions and create healthy discourse.

Comments

0
Comments are disabled

Note: Due to legal constraints, the Ada Derana Editorial team has taken a decision to disable comments on all articles concerning ongoing court procedures.

MostRead
Mobitel 1278
VideoStories
32-year-old arrested with a large haul of heroin and ‘Ice’ in Thalawathugoda

32-year-old arrested with a large haul of heroin and ‘Ice’ in Thalawathugoda

Colombo's drainage system can handle only around 30 mm of rainfall – Mayor

Colombo's drainage system can handle only around 30 mm of rainfall – Mayor

Opposition Leader Sajith criticizes government over handling of severe flooding in Colombo

Opposition Leader Sajith criticizes government over handling of severe flooding in Colombo

No issues concerning overall fuel supply or distribution Stocks secured until mid-2027

No issues concerning overall fuel supply or distribution Stocks secured until mid-2027

Election Commission suspends SLFP’s status as a ‘recognized political party’ amidst major split

Election Commission suspends SLFP’s status as a ‘recognized political party’ amidst major split

Detention period in Organised Crime Prevention Bill to be reduced from 72 to 48 hours – President

Detention period in Organised Crime Prevention Bill to be reduced from 72 to 48 hours – President

Government has not taken decisions harmful to public -- Dy Minister Mahinda Jayasinghe

Government has not taken decisions harmful to public -- Dy Minister Mahinda Jayasinghe

Court orders freezing of bank accounts and vehicles belonging to Rakitha Rajapakshe for 3 months

Court orders freezing of bank accounts and vehicles belonging to Rakitha Rajapakshe for 3 months

Heroin and 'Ice' haul weighing over 150kg seized from vessel intercepted in southern seas

Heroin and 'Ice' haul weighing over 150kg seized from vessel intercepted in southern seas

Protest against proposed PSTA and Organised Crime Prevention Bill marches towards Parliament

Protest against proposed PSTA and Organised Crime Prevention Bill marches towards Parliament

The 3rd International Broadcaster’s Symposium to be held on Nov. 11 & 12 in Colombo

The 3rd International Broadcaster’s Symposium to be held on Nov. 11 & 12 in Colombo

PUCSL recommends 1.46% electricity tariff hike for October–December 2026

PUCSL recommends 1.46% electricity tariff hike for October–December 2026

Court to deliver decision on Gotabaya Rajapaksa's foreign travel ban on Nov. 25

Court to deliver decision on Gotabaya Rajapaksa's foreign travel ban on Nov. 25

PSTA draws widespread opposition from civil groups; Several protests planned against the Bill

PSTA draws widespread opposition from civil groups; Several protests planned against the Bill

Parliament heated over no-confidence motion against Speaker; SJB stages protest within the chamber

Parliament heated over no-confidence motion against Speaker; SJB stages protest within the chamber

Lassana Flora