COLOMBO – The Government of the Democratic Socialist Republic of Sri Lanka has announced indicative results of its recent consent solicitation and invitation to exchange concerning the country’s existing bonds. The initiative, which launched on November 25, 2024, has seen significant bondholder participation ahead of the December 12, 2024, expiration deadline.
According to the indicative results, instructions from holders representing 96% of the principal amount outstanding of the existing bonds have been received. This includes a series of bonds with varying maturities, ranging from those due in April 2023 to those maturing in March 2030.
The exchange invites eligible holders of the aggregated collective action clauses () existing…
