Lanka bondholders sign off on $12.55-bn debt overhaul
Financial Express Chandigarh|December 18, 2024
SRI LANKA'S BONDHOLDERS SIGNED off on the government's proposal to restructure its $12.55 billion of international bonds, a key step in finalising the island nation's debt overhaul.
KARIN STROHECKER

Final results showed holders representing 97.86% of the outstanding principal on the existing bonds voted in favour of the plan, which will swap Sri Lanka's defaulted bonds for a series of new fixed income instruments, the government said in a statement dated December 16.

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