Sri Lanka pays USD 500 million sovereign bond

Sri Lanka today paid the USD 500 million sovereign bond, Central Bank Governor Ajith Nivard Cabraal said.

The Governor said that the payment was made for the bond matured today (18).

Sri Lanka had earlier assured it will not default in repaying foreign debt this year.

Finance Minister Basil Rajapaksa had said that Sri Lanka needs to repay USD 500 million this month and another USD 1000 million in June.

Rajapaksa said the Government will not default on the payments and will meet its commitments.

He also said the Government hopes to have its own foreign reserves and not loans.

The Minister said that most of the foreign reserves are now loans. (Colombo Gazette)

2 COMMENTS

  1. Real Bond Scam and Sirasa TV is missing in action!

    “ Sri Lanka has paid the USD 500 million sovereign bond that matured today (18)” Central Bank Governor Ajith Nivard Cabraal announced today.”

    Why is the media silent on the real “BOND SCAM”!??

    Publish the names of everyone who owned these bonds!

    How many Sri Lankans bought them after the rating affects them???

    Who are they?

    Do we need a Wikileaks to do the job of the media too!???

    • More importantly, the brilliant Cabral financial strategy of borrowing money to repay loans will result in lenders wanting their “pound of flesh” when repayments cannot be met. What assets does Sri Lanka have left to sell? Oh yes, Trincomalee port would make a great foreign naval base. What else? Oh , that Cattle Truck aka Sri Lankan Airlines is now temporarily profitable. Anymore suggestions ?

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