Srilanka, Nov. 23 -- The government announced its return to the domestic dollar debt market with an offering of US$ 50 million in 'Domestic Dollar Bonds' (DDBs), marking a strategic shift from the previously used Sri Lanka Development Bonds (SLDBs).
This issuance, scheduled for early December 2025, is the first of its kind under the new Public Debt Management Act No. 33 of 2024 and signals a cautious testing of domestic foreign currency appetite following the country's economic stabilisation.
According to the offer documents released by the Public Debt Management Office (PDMO), the government aims to raise an initial US$ 50 million with an option to upsize by an additional three times based on favourable market response. The bonds are be...