Sri Lankan bond proves fleet of foot

Sovereign takes advantage of strong credit market momentum to re-build foreign exchange reserves depleted by heavy debt re-payments.
Putting Sri Lanka's finances on a firmer footing
Putting Sri Lanka's finances on a firmer footing

The Democratic Socialist Republic of Sri Lanka took advantage of strong credit market momentum to execute a $1.5 billion bond deal on Monday, which should help re-build foreign exchange reserves depleted by heavy debt re-payments. 

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