Flash Report /
Sri Lanka

Sri Lanka: Eurobonds collapse on lack of IMF urgency

  • Sri Lanka 6.85% 24s down c5% (c150bps wider) in intraday trading on concerns that urgency for IMF funding is lacking

  • Country has resources to make October 2020 repayment and will revisit borrowing plans after November budget

  • Bonds look appropriately priced after reversal of post-election rally; reiterate Hold on Sri Lanka 6.85% 24s

Sri Lanka: Eurobonds collapse on lack of IMF urgency
Patrick Curran
Tellimer Research
17 September 2020
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