Reported 12 months ago
Sri Lanka has successfully negotiated a deal to restructure $12.6 billion in bonds with creditors, marking a significant step towards resolving the nation's debt issues. The agreement includes a 28% nominal reduction in principal and the issuance of economic growth-linked notes and governance-linked bonds. This deal follows over a year of challenging discussions and is expected to help Sri Lanka regain access to international capital markets and further funding from the IMF.
Source: YAHOO