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