Sri Lanka Bondholders Hold New Round of Talks With Government.

Sri Lanka's government officials and private creditors are currently in their third round of talks to restructure $12.6 billion in defaulted bonds. This round of negotiations follows a preliminary agreement reached in July and marks the third time bondholders have been restricted from trading the securities during talks. The government aims to reach a final agreement before the presidential election on September 21, and a statement with details on the ongoing negotiations may be released next week. The July deal included a 28% reduction in the bonds' principal and the issuance of macro-linked bonds tied to economic growth, but it still requires the support of the International Monetary Fund and bilateral creditors. [Extracted from the article]