Sri Lanka announces successful completion of consent solution and exchange offer for International Sovereign Bonds

Sri Lanka has successfully completed its consent solicitation and exchange offer for its International Sovereign Bonds. The country announced the expiration of the offer, indicating that holders of the bonds have agreed to the proposed terms. This move is seen as a positive development for Sri Lanka’s debt restructuring efforts. The completion of the exchange offer is expected to help the country manage its debt obligations more effectively and alleviate financial pressure. Sri Lanka’s successful execution of the consent solution is a step towards stabilizing its economy and restoring investor confidence.