Sri Lanka to issue new bonds today

20 December 2024 07:11 am Views - {{hitsCtrl.values.hits}} 6 Bookmark

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Sri Lanka will issue US$ 10.4 billion in macro-linked bonds (MLBs), including US$ 1.6 billion in governance bonds and Rs. 155 billion in rupee bonds today.

Sri Lanka’s dealer manager for ISB exchange, Citigroup said in a statement this week that new bonds for the restructured ISBs will be issued after meeting the minimum thresholds.

“Subject to the terms and conditions described in the invitation memorandum, the New Eurobonds, the Exchange Fee Bonds and the Local LKR Bonds will be issued on or around December 20, 2024, with the complete settlement process expected to be finalised shortly thereafter,” it said.

The government on Wednesday announced it received consent from ISB holders amounting to 97.86 percent of the aggregate principal amount outstanding of existing debt stock worth US$ 12.55 billion.

Comments - 6

මෝඩ කැලුම් Friday, 20 December 2024 08:55 AM

Very soon, Sri Lanka will start producing James Bond movies.

1 33

Amaree Friday, 20 December 2024 10:17 AM

AKD BOND movies ....

21 9

Pusa Friday, 20 December 2024 09:02 AM

Borrow more ? This is what a NPP communist/socialist government does ? Shame I voted for them !

29 17

Jehan Friday, 20 December 2024 10:57 AM

Wait till the IMF program is over and they start the money printing machine.

1 12

Ceylonese Friday, 20 December 2024 09:41 AM

Watch out for the bad and Ugly Ravi may sneak in.

12 24

JeffK Friday, 20 December 2024 10:57 AM

Didn't NPP claim that this restructuring deal was unfair to us and needs drastic changes? I guess it was another "intentional lie".

3 12

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