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

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 Read The Rest at :