Fixed Income Analysis /
Sri Lanka

Sri Lanka: Upgrade '22s to Hold on collapsed premium

  • Sri Lanka's 2022 eurobond has traded at a c15% to the rest of Sri Lanka's eurobond curve in the 3 months post-default

  • Premium has collapsed to zero after missed payment on 25 July as markets price out likelihood of successful litigation

  • We upgrade recommendation on '22s from Sell to Hold and maintain Hold recommendation on rest of eurobond curve

Sri Lanka: Upgrade '22s to Hold on collapsed premium
Patrick Curran
Tellimer Research
10 August 2022
Published byTellimer Research

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