UPDATE 1-Sri Lanka’s bonds hammered as U.S. dubs China “predator”

LONDON, Oct 28 (Reuters) – Sri Lanka’s government bonds fell heavily on Wednesday as the United States ratcheted up pressure on the country’s government over its ties with China.

U.S. Secretary of State Mike Pompeo, who was visiting Sri Lanka as part of a four-nation Asian tour, said the Chinese Communist Party was operating as a “predator” in the country and had brought “bad deals” and “lawlessness”.

Worries that the COVID-19 crisis will make it hard for Sri Lanka to pay its debts have already seen its bonds lose over 40% of their face value this year.

https://www.reuters.com/article/sri-lanka-bonds/update-1-sri-lankas-bonds-hammered-as-u-s-dubs-china-predator-idUSL8N2HJ6DA

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