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Sri Lanka fails to strike deal with sovereign bondholders for USD 12 billion debt restructuring

[ad_1] COLOMBO: The Sri Lankan government on Tuesday said it failed to reach an agreement with its bondholders for restructuring around USD 12 billion debt, in the latest setback for the cash-strapped island nation which is aiming to meet targets for the next tranche of the IMF bailout. Sri Lanka aims to complete debt restructuring agreements with private creditors and sovereign bond-holders by June, in time for the next…

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