Sri Lanka completes bond exchange with 98% participation, aiming to restructure its debt.

Sri Lanka has completed a bond exchange offer, with 98% of bondholders participating. This move aims to restructure the country's debt, providing substantial relief and freeing up resources for development. Despite a low 73% acceptance rate from one investor, Hamilton Reserve, which filed a lawsuit for full payment, the overall high participation rate is seen as a vote of confidence. The final results will be released on December 16, with settlement planned for December 20.

3 months ago
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