Standard Chartered Sees Opportunity for Sri Lanka Investors as IMF Deal Nears

Foreign investors are likely to raise holdings of Sri Lanka government bonds, betting that a successful deal with the International Monetary Fund next week would unlock more funding to stabilize the nation’s finances, according to Standard Chartered Plc.

“The moment we have clarity on the debts, the restructuring process, the interest rates will fall and investors will want to time it right and get into the bond space pretty early,” said Bingumal Thewarathanthri, the chief executive officer for the UK bank in Sri Lanka.