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Sri Lanka bond holders agree to take 28% haircut — gov’t

By Inquirer - 3 days ago
Colombo, Sri Lanka — Sri Lanka’s private creditors have accepted a 28 percent haircut on $12.5 billion in sovereign bonds, the government announced Thursday, meeting a key condition of an IMF bailout. After two days of talks in Paris with most international sovereign bond (ISB) holders, Colombo clinched the final step in restructuring private, bilateral

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