It is reported that the private creditors who have given loans to Sri Lanka have forwarded the first proposal for debt restructuring to the Sri Lankan authorities.
The value of their bonds is 12 billion dollars.
Japan, France and India had announced their plan regarding Sri Lanka’s debt restructuring program by holding a news conference yesterday in conjunction with the Spring Summit in Washington, USA.
Accordingly, it was reported that the committee of private creditors who have given loans to Sri Lanka have sent the first proposal for debt restructuring to the Sri Lankan authorities.
However, no information is disclosed regarding this proposal and it is reported that a group of 30 creditors is included for this purpose.
The group includes global investment companies such as Amundi Asset Management, BlackRock, HBK Capital Management and T. Rowe Price Associates.
It is reported that bondholders and government officials have met in Washington to discuss the debt restructuring proposal and legal and financial advisors from both sides were present.