Foreign Investment in Sri Lanka Rupee Bonds Hits 28-Month Peak Following Surge in Demand

Foreign Investment in Sri Lanka Rupee Bonds Hits 28-Month Peak Following Surge in Demand

Foreign holdings in Sri Lankan government securities reached a nearly 28-month high last week, as offshore investors purchased approximately US$24.2 million worth of bonds, according to data from the Central Bank. During the week ending February 5, foreign investors acquired a net total of 7,463 million rupees (equivalent to US$24.2 million at an exchange rate of 1$=308 rupees). This marks the 16th week of foreign acquisitions of rupee bonds ove…

Foreign holding in Sri Lanka rupee bonds reaches 28-month high after heavy buying

ECONOMYNEXT – Foreign holdings in Sri Lanka government securities reached a near 28 month high last week after offshore investors bought around US$24.2 million worth of bonds in the week ending February 5, Central Bank data showed. Foreigners bought a net 7,463 million rupees (US$24.2 million at 1$=308 rupees) in the week. It was the 16th week foreigners have bought rupee bonds in the last 23.  In the previous week, they bought a net 6,632 milli…