Page 2 - Milo Gunasinghe News Today

South Africa was among the top 10 African government recipients of Chinese loans over the past decade.

Comes at a time of rising interest rates globally and shrinking liquidity.

Holders of defaulted Sri Lankan bonds are keeping one eye on the South Asian nations biggest creditors and the other on an African debt deal for clues as to how the restructuring might play out.

Sri Lanka’s 2030 dollar bonds halved in value in the months after March 2020 as the pandemic set in

(Bloomberg) – Holders of defaulted Sri Lankan bonds are keeping one eye on the South Asian nation’s biggest creditors and the other on an African debt deal for clues as to how the restructuring might play out. A preliminary $2.9 billion loan deal with the International Monetary Fund announced last week wasn’t enough to spark...

Pakistan’s stocks, sovereign bonds and currency were lifted on Friday by growing hopes that the country can unlock funding from the International Monetary Fund

Sri Lanka’s central bank raised borrowing costs by 700 basis points amid economic and political turmoil that has engulfed the nation and left President Gotabaya Rajapaksa with a minority in parliament.

By Uditha Jayasinghe and Jorgelina do Rosario

Sri Lanka's central bank governor said the suspension of payment would be until the country came to an agreement with creditors and with the support of a loan programme with the International Monetary Fund.

(Bloomberg) -- The Sri Lankan government’s decision to halt debt payments in the face of growing political turmoil has sent investors scurrying to figure out just how much they might recover on $12.6 billion of foreign bonds -- and whether there’s profit to be made.