Sri Lanka ready to repay US$1.5bn bonds maturing in 2019: Central Bank

ECONOMYNEXT – Sri Lanka’s government has already made arrangements to repay international bonds worth 1.5 billion US dollars maturing in January and April 2019, the Public Debt Department of the Central Bank said.

“The Government of Sri Lanka (GOSL) has been issuing International Sovereign Bonds (ISBs) since 2007,” a statement said.

“GOSL has maintained an unblemished record on servicing of its debt obligations timely, including ISBs, since independence.”
ISBs issued in January and April 2014 of 1,000 million in US dollars and 500 million dollars are due to mature in January and April 2019.

“The government has already made pre-funding arrangements for meeting the maturing ISB obligations in 2019 through proceeds of divestment of non-strategic assets and funding through syndicate arrangements,” the statement said.

“While exploring an ideal window to further access international capital markets, GOSL and Central Bank of have already initiated necessary actions to further diversify international market based foreign funding sources to jurisdictions outside conventional Eurodollar ISB issuances.”
(COLOMBO, 31 October, 2018)

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