Debt default fear is no more!

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Sri Lanka International Sovereign Bonds gained significantly, especially of the short-term bond maturities after the announcement of USD 1.5 Bn currency SWAP with China. ISBs maturing in 2021 & 2022 gained with the news, easing off the looming default fear.

https://www.charts.lk/chart/ReBvzbBXlvArpGQqk3jA/sri-lanka-international-sovereign-bonds-gained-after-announcement-of-currency-swap

Fri Mar 12, 2021 9:31 am by **God Father** · Fri Mar 12, 2021 9:31 am by **God Father**

More to come..

Happy to confirm that the People's Bank of China has approved a SWAP facility of 10 billion Yuan (USD 1.5 billion) to the Central Bank of Sri Lanka

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Fri Mar 12, 2021 10:55 am by **Wickyz** · Fri Mar 12, 2021 10:55 am by **Wickyz**

බොරු කාරයා කියන ඒවා පිළිගන්න එපා. ඔය මොනවා හම්බුනත් ලංකාව තව ටික දවසකින් බංකොලොත් වෙනවා. අනිවාර්යෙන් ම

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Fri Mar 12, 2021 11:02 am by **samaritan** · Fri Mar 12, 2021 11:02 am by **samaritan**

God Father wrote:More to come..

Happy to confirm that the People's Bank of China has approved a SWAP facility of 10 billion Yuan (USD 1.5 billion) to the Central Bank of Sri Lanka

Sri Lanka is on a good wicket. Debt default fear is no more! Icon_lol

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Fri Mar 12, 2021 1:36 pm by Mr. Wayne · Fri Mar 12, 2021 1:36 pm by Mr. Wayne

samaritan wrote:

God Father wrote:More to come..

Happy to confirm that the People's Bank of China has approved a SWAP facility of 10 billion Yuan (USD 1.5 billion) to the Central Bank of Sri Lanka

Sri Lanka is on a good wicket.

Hmmm, with military rule, war crime charges?

Fri Mar 12, 2021 2:01 pm by **Wickyz** · Fri Mar 12, 2021 2:01 pm by **Wickyz**

Mr. Wayne wrote:

samaritan wrote:

God Father wrote:More to come..

Happy to confirm that the People's Bank of China has approved a SWAP facility of 10 billion Yuan (USD 1.5 billion) to the Central Bank of Sri Lanka

Sri Lanka is on a good wicket.

Hmmm, with military rule, war crime charges?

Dear foreigns please get out your money back from Bankrupt sri lanka

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Sat Mar 13, 2021 9:35 am by **Vishwanarth** · Sat Mar 13, 2021 9:35 am by **Vishwanarth**

When will Chinese USD1.5Billion disburse?
Seems starting from next week favourable for financials

Sat Mar 13, 2021 4:05 pm by **RJ1010** · Sat Mar 13, 2021 4:05 pm by **RJ1010**

Question is what has the government promised to China in return for this 1.5Billion swap? ANC is silent on that. When time comes to payback that money Sri Lanka needs to sell its assets unless that money is properly utilized to generate income and boost dollar reserves! Understand the reality from the rosy picture the officials are painting.

Watch this most timely discussion amongst professors on Sri Lanka’s current economic situation, import restrictions, the China currency swap, etc. Every investor needs to watch this. It’s 2hrs long and you will learn some important aspects of the country situation.

https://youtu.be/RVS_9phcA8I

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Debt default fear is no more!

Debt default fear is no more!

CHRONICLE™