Sri Lanka unveils domestic debt restructuring plan, asks foreign investors for a 30% haircut

The island nation is asking foreign investors in its international sovereign bonds to take a 30% haircut and is seeking similar concessions from holders of its other dollar-denominated bonds as it seeks to restructure its massive debt, its central bank governor said on Thursday.

Sri Lanka unveils domestic debt restructuring plan, asks foreign investors for a 30% haircut
The island nation is asking foreign investors in its international sovereign bonds to take a 30% haircut and is seeking similar concessions from holders of its other dollar-denominated bonds as it seeks to restructure its massive debt, its central bank governor said on Thursday.