Sri Lanka has also been issuing bonds under a high interest rate when regional countries were issuing bonds at minimum interest rates, the minister said.
Speaking in Parliament,
The Central Bank has recently issued a 10-year maturing sovereign bond at a high interest rate. It has curtailed country’s onward march. US $ 1.4 billion, at an interest rate of 7.85% has been borrowed by the Central Bank recently while Malaysia (3.87%), Thailand (2.51%), Vietnam (7.48%), Greece (3.84%), and Botswana (5.27%), have issued at lower interest rates” he said