(Bloomberg) – Holders of defaulted Sri Lankan bonds are keeping one eye on the South Asian nation’s biggest creditors and the other on an African debt deal for clues as to how the restructuring might play out. A preliminary $2.9 billion loan deal with the International Monetary Fund announced last week wasn’t enough to spark.
(Bloomberg) – Sri Lankan dollar bonds fell as investors weighed the implications of Zambia’s debt restructuring plan on the crisis-hit island nation’s own negotiations with creditors as China is an important lender to both countries. The 7.55% 2030 dollar bond was indicated 1.3 cents lower at 29.5 cents on the dollar, set for the biggest.