SriLankan Airlines and the Government of Sri Lanka have successfully completed the airline’s international bond restructuring, with over 99% participation.
The deal includes a 16% haircut and issuance of new government-backed bonds, supporting both the airline’s recovery and the country’s broader debt restructuring.
The restructuring covers the $175 million bonds due June 2024, with investors exchanging them for cash and new 4% bonds maturing in 2028.
More than 97% of bondholders approved the deal, resulting in full participation.
