Colombo, Nov 26, 2024 (AFP) - Sri Lanka kicks off much-delayed $12.5bn bond deal

NAMPA / AFP

2024-11-27

Sri Lanka said Tuesday it would honour a deal secured by its predecessor to restructure $12.55 billion in international sovereign bonds, a key condition to maintain an IMF bailout loan. The leftist government of President Anura Kumara Dissanayake, who came to power two days after the bond deal was announced in September, said it will implement the restructuring immediately. A majority of private creditors of the South Asian nation agreed two mont......

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