(Bloomberg) — Sri Lankas first round of talks with dollar bondholders failed to yield an agreement, sending bonds lower, even as the South Asian country hopes to reach a deal in the next few weeks.
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The nations 7.55% 2030 bond fell as much as 2.8 cents to 53.94 cents on the dollar, the biggest decline since 2022, according to data compiled by Bloomberg. Note due 2025, 2026, 2027, and 2028 also fell, making Sri Lanka the worst performer in emerging markets on the day.
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Sri Lanka reiterated its reservations regarding the structure of the macro-linked bonds, the government said in an official statement on the first round of talks, referring to a bondholder proposed instrument whose payout would va…
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