Sri Lanka dollar bonds fall on sectarian violence

Thursday, 16 May 2019 00:00 - - {{hitsCtrl.values.hits}}

Reuters (LONDON): Sri Lanka’s dollar bonds fell on Tuesday in the wake of the worst outbreak of sectarian violence since the Easter bombings by Islamist militants.

The Government’s 2025 bond shed 1 cents to reach its lowest since late January, while the 2027 issue lost 0.6 cents, according to Refinitiv data.

Sri Lankan shares had slumped 1.6% earlier, closing at their lowest in more than six-and-a-half years, while the rupee fell for a fourth day. The IMF extended an Extended Fund Facility to the country by a year on Monday.

Second weekly steep decline on 364-day bill