Accordingly, January 2022 maturing ISB with a coupon rate of 5.75%, recorded its yield rate as 45.40% from 24.24%, a week ago. Meanwhile, the yield rate of the ISB that matures in July 2022 increased to 39.28% last week from 31.02%, a week ago. On the other hand, the third ISB which is maturing in 2023 witnessed its yield rate going up to 29.30% from 24.24%, a week ago. The negative outlook reflects our expectation that Sri Lanka’s financing environment may get more difficult over the next 12 months. This would affect Sri Lanka’s ability to service its debt.

Source: The Nation August 29, 2021 18:33 UTC