A selloff in Sri Lanka dollar bonds intensified on Monday as investors reduced their country exposure over rising political uncertainties before elections later this month, Bloomberg reported
The country’s dollar bonds due in 2030 fell 3 cents on the dollar to 49.9 cents, the lowest level since February, extending their decline from their peak this year to about 15%. Notes due in 2027 dropped more than 1 cent to 49.6 cents.
Full Bloomberg report 👇
