📈 SriLankan Airlines $175 Mn Bond Restructuring Secured

Deputy Minister of Finance Dr. Anil Jayantha Fernando announced a major breakthrough in restructuring the aviation sector debt during a Parliamentary session today. • Approval Thresholds: The restructuring of the US$ 175 Mn bond, guaranteed by the Treasury, received consent from 98% of lenders, representing 99% of the total bond value. • Economic Impact: This move is framed as a critical step to move beyond stabilization. Successful sovereign debt restructuring has already contributed to an improved credit rating of CCC+ as of 2025. • Key Challenges: Unlike other sovereign debts, this specific bond was handled separately due to its Treasury guarantee, posing unique negotiation hurdles. • Next Steps: An official announcement detailing the specific terms of the restructuring is expected later today.