China's cbank offers Sri Lanka a yuan swap arrangement equivalent to USD 1.5 bln

China's central bank has offered Sri Lanka a yuan swap arrangement equivalent to $1.5 billion, Sri Lanka's central bank governor Indrajit Coomaraswamy said on Friday. "It is a stand-by arrangement. They have offered and we are doing the paper work now," Coomaraswamy told reporters in Colombo. Sri Lanka is struggling to repay foreign loans, with a record $5.9 billion due this year, including $2.6 billion in the first three months. The South Asian island nation used its reserves to repay a $1 billion sovereign bond loan in January.