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Which country will be recognized as the primary facilitator of Sri Lanka's debt restructuring process by the end of 2024?
2
Resolution / Starting Odds
Japan • 25%
India • 25%
China • 25%
Other • 25%
Official announcements from Sri Lankan government or major financial news outlets
Story
Sri Lanka to Save $5 Billion in Debt Restructuring, $12 Billion Bond Deal Reached
Jul 3, 2024, 07:14 AM
Sri Lanka is set to save $5 billion in interest owed to bilateral creditors as part of its debt restructuring process, President Ranil Wickremesinghe announced. This restructuring is a crucial step in the country's financial recovery following its default two years ago. The agreement on the core terms of a $12 billion bond restructuring was reached with creditors, including governance-linked bond features in some series of plain vanilla bonds. The restructuring has been facilitated by advisory firms Kirkland & Ellis and Moelis. Japan and India played key roles in the debt restructuring process, paving the way for an IMF bailout. Sri Lankan Finance Minister Ali Sabry recently met his Japanese counterpart in Japan to discuss the restructuring.
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Yes • 50%
No • 50%
Goldman Sachs • 25%
JP Morgan • 25%
Morgan Stanley • 25%
None of the above • 25%
IMF • 25%
World Bank • 25%
European Union • 25%
Other • 25%
Successful restructuring • 25%
Partial restructuring • 25%
No restructuring • 25%
Default • 25%
Agreement with official creditors only • 25%
Agreement with bondholders only • 25%
Agreement with both official creditors and bondholders • 25%
No agreement reached • 25%
Accepted as proposed • 25%
Rejected outright • 25%
Modified and accepted • 25%
No agreement reached • 25%
JPMorgan • 25%
International Development Finance Corporation • 25%
World Bank • 25%
El Salvador Government • 25%