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Asia’s Highest Default Risk Spotlights Sri Lanka Debt Worry-By Anusha Ondaatjie and Lilian Karunungan   Nation has to service $1 billion of debt maturing in July   Sri Lanka says arrangements made to settle July bond Source:Bloomberg Sri Lanka’s risk premium for a default jumped, reflecting concern that the pandemic is damaging the nation’s ability to fill its foreign-exchange coffers ahead of at least $2.5 billion in dollar debt due in the next 12 months. The nation’s five-year credit default swaps rose to 1,553 basis points on Monday, the highest since March 1. A separate gauge of one-year default probability was at 27.9%, the steepest in Asia, up from around 13% over six months ago, according to a Bloomberg model where a reading above 1.5% signifies high risk of failure to pay. ...