Sri Lanka Seeks to Restructure $19.8 Billion of Local Debt.

Authors :: Sirimanne, Asantha
Yap, Karl Lester M.
Source :: Bloomberg.com; 6/30/2023, pN.PAG-N.PAG, 1p
Publication Year :: 2023
Abstract: Sri Lanka's dollar bonds due 2030 rallied 4.6 cents to about 47 cents on the dollar on Friday. (Bloomberg) -- Sri Lanka is seeking to restructure about $19.8 billion of local bills and bonds, equivalent to half of its domestic debt load, as the government seeks to ease its payment burden. [Extracted from the article]