INSUBCONTINENT EXCLUSIVE:
Sri Lankan stocks extended gains as markets reopened post a three-day holiday, after a plan to revamp domestic debt eased concern over
The Sri Lankan rupee advanced 0.4% to 305.5 per dollar
A 2027 Sri Lanka rupee bond saw yield decline by over 10% to 14.5%, dealers said.The island nation mostly spared local commercial banks in
its blueprint unveiled last week to protect the economy while striking a balance between domestic creditors and foreign bondholders
policymakers chose to only restructure Treasury bills held by the central bank and treasury bonds of pension funds, according to analysts at
gauge surged the most in over 15 years on Monday after the nation clinched an IMF bailout
Funds getting approved or disbursed for countries including Kenya, Tanzania, and Pakistan are giving hope that the embattled economies are
bondholders and bilateral creditors still need to be hammered out
the restructuring and carry yields of about 17% to 22%.While import restrictions are likely to be gradually removed, Baker expects the Sri
performer.Source: Bloomberg-Agencies
