Sri Lanka clinches $12.5 billion bond rework deal in pre-election dash
Sri Lanka reaches bond rework deal amid debt crisis, bond price rally, and uncertainty ahead of Presidential election. | Photo Credit: Reuters “Sri Lanka reached a draft deal with creditors to restructure $12.5 billion of international bonds,” it said on Thursday (September 19, 2024), in a major boost to the island nation’s fragile recovery just two…
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