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Sunday, 16 April 2023 09:50

Creditors' proposal for debt restructuring in Sri Lanka is confidential  Featured

The private creditors who have given loans to Sri Lanka have forwarded the first proposal for debt restructuring to the Sri Lankan authorities, and it is reported that no information will be disclosed regarding the proposal.

The value of the bonds held by those creditors is 12 billion dollars.

Japan, France and India held a news conference on April 14th in conjunction with the Spring Conference in Washington, USA and announced their plan regarding Sri Lanka's debt restructuring program.

Accordingly, it was reported that the committee of private creditors who have given loans to Sri Lanka have sent the first proposal for debt restructuring to the Sri Lankan authorities.

However, no information is disclosed regarding this proposal and it is reported that a group of 30 creditors is included for this purpose.

The group includes global investment companies such as Amundi Asset Management, BlackRock, HBK Capital Management and T. Rowe Price Associates.

 

 

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