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Sri Lanka should sell floating rate bonds to balance long term risks
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Sri Lanka should sell floating rate bonds to balance long term risks
ECONOMYNEXT – Sri Lanka’s government should sell long duration floating rate bonds, perhaps even perpetuals in the style of UK Consols as part of efforts to manage the its debt better and make use of domestic capital. After an external debt crisis hits a country with monetary instability and bad central bank, the International Monetary Fund encourages countries to issue longer term debt, or to restructure debt to reduce the roll-over or the gros…
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