Sri Lanka's ambitious governance and macro-linked bonds
SRI
LONDON :Sri Lanka's restructuring of $12.55 billion in international bond debt is set to lead to the launch of a series of new, as-yet-untested instruments linked to economic growth and governance. Observers say it is one of the most complex set of instruments ever arranged in a restructuring. The bonds aim to give the country additional debt relief if the economy falters and to encourage it to improve its governance. Below are some aspects of the new bonds. HOW DO SRI LANKA'S GOVERNANCE-LINKED
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