Sri Lanka suspended normal debt servicing of several categories of its external debts in April 2022, followed by rating downgrade to default on expiry of 30-days grace period in May 2022 since it could not pay the coupons due on two of its International Sovereign Bonds (ISB).
The scope of suspension included bonds issued in international capital markets, foreign currency denominated loan…
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News Source: www.brecorder.com
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