COLOMBO (July 30): Sri Lanka is in talks with advisory firm Lazard to help with a potential debt buyback as it seeks to improve debt sustainability following its recent restructuring, the country’s director of public debt said.
Udeni Udugahapattuwa, director general of Sri Lanka’s Public Debt Management Office (PDMO), told a parliamentary committee last week that the government was considering a buyback as part of its liability-management strategy.
“Under liability management we are initially focused on considering a buyback,” Udugahapattuwa said on July 23, according to a recording shared by Parliament on Thursday. “We will have to get expert assistance for this as our officers have not yet been trained in this area.”
Lazard declined to…