With the resurgence of the Co-vid 19 pandemic in the nation, many of the nation’s revenue has dried up. However with a $1.5 billion currency swap line from China the nations bonds have become the best performing in the entire Asian region.
The Sri Lankan notes have returned 15%, extending to Year- on- year gains at 25%. This is a significant improvement compared to the 31% loss suffered the previous year making the nation the worst in the region. According to the Bloomberg Barclay’s Index with the improvements Sri Lanka has become the best performing Asian nation in terms of U.S. Currency debt in 2021.
The nation has at least $2.5 billion notes that will mature before July 2022 and will have a yield of 16% on debt security. According to Italian investment manager AcomeA SGR S.p.A the bonds continue to offer attractive yields even if most of the gains have already been made.
No.820, Mount Cresent,Malabe,Sri Lanka