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Bondholders Agree to Restructure SriLankan Airlines $175 Mn Bond
Mar 19, 202611:58 AM
Deputy Minister of Finance Dr. Anil Jayantha Fernando announced that bondholders have agreed to restructure the USD 175 million bond issued by SriLankan Airlines.
Addressing Parliament today (19), he said that 98% of lenders and 99% by value have consented to the restructuring.
He emphasised that debt restructuring was critical to move beyond economic stabilisation, noting that Sri Lanka’s sovereign bond restructuring had already helped improve the country’s credit rating to CCC+ in 2025.
He further explained that restructuring the SriLankan Airlines bond, guaranteed by the Treasury, had posed challenges as it was handled separately. Dr. Fernando said an official announcement will be issued later today.
