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SL settles US$ 500mn ISB obligation
Sri Lanka has settled a US$ 500 million International Sovereign Bond (ISB) which matured today.
The announcement in this regard was made by theCentral Bank Governor Ajith Nivard Cabraal via Twitter message.
There was a growing chorus by a number of economists in the country urging the authorities to default this ISB to save valuable foreign currency for essential imports such as food, fuel and medicine.
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