Sri Lanka is set to issue $10.4 billion in macro-linked bonds today, including $1.6 billion in governance bonds and Rs. 155 billion in bonds.
Citigroup, Sri Lanka’s dealer for the international sovereign bond swap, said in a statement this week that it will issue new bonds for the restructured international sovereign bonds after meeting minimum thresholds.
Subject to the terms and conditions detailed in the memorandum, the new Eurobonds, Exchange Rate Bonds and Local Rupee Bonds will be issued on or around December 20, 2024, with the full settlement process expected to be completed shortly, it said.
The government announced on Wednesday that it had received consent from international sovereign bondholders for 97.86 percent of the total principal amount remaining in the existing debt stock, worth US$12.55 billion.