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

Sri Lanka's dollar bonds due 2030 were indicated climbing 2.1 cents after rallying as much as 4.6 cents earlier to about 43.8 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]