Sri Lanka to issue new bonds today

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.