Analysis:The $80 million question: Can bond reward force Sri Lanka to improve governance?
SRI
LONDON : Investors burned by Sri Lanka's $12.5 billion debt default are using the subsequent years-long restructuring to try to force the island nation's leaders to better manage the country. Industry experts say the result is a first-of-its-kind bond linked to governance that will cut Sri Lanka's debt costs if it improves transparency and financial management. Bondholders resoundingly approved the debt restructuring package - including several types of new instruments - to replace the
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