Sri Lanka mulls hedging options to attract foreigners
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Sri Lanka
SRI Lanka is planning incentives to attract overseas investors into local-currency bonds in a bid to reduce the nation's reliance on foreign debt amid the novel coronavirus pandemic.
The island nation will, for the first time, offer global funds forward risk cover via a swap to help protect their local debt holdings, Ajith Nivard Cabraal, state minister of finance, capital markets and public enterprise reform, said.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
