• Govt. decides to review debt financing program, Jan. issuance possible

Issuance of the $500 million Samurai bond is likely to be delayed after the Government decided to review the debt financing program that was put in place by the former administration.

Central Bank Governor Dr. Indrajit Coomaraswamy told reporters that the bond may be issued in January.  

“The new government wants to take a moment to renew the financing program. Initially we were working towards a window in December, it will get delayed a little but to give the government a chance to review its financing program. Hopefully there will be a window in January.”  

Sri Lanka’s next large debt repayment is in October 2020.

Upward parallel shift of the yield curve