Sri Lanka

Sri Lanka: Domestic debt exchange another major restructuring milestone

  • Sri Lanka completed the exchange this week of 84% of eligible T-bonds held by pension funds

  • After successfully restructuring 97% of eligible SLDBs, the domestic debt optimisation (DDO) is now almost complete

  • This paves way for IMF review this month and negotiations with external creditors; retain Buy with marginal upside left

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September 15th, 2023
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