Do you think Sri Lanka will get defaulted today ?
The South Asian nation is set to blow through the grace period on $78 million of payments Wednesday, marking its first sovereign debt default since it gained independence from Britain in 1948. Its bonds already trade deep in distressed territory, with holders bracing for losses approaching 60 cents on the dollar. The government said last month it would halt payments on foreign debt.
Source :- https://www.bloomberg.com/news/arti...hints-at-trouble-ahead-for-developing-nations
The South Asian nation is set to blow through the grace period on $78 million of payments Wednesday, marking its first sovereign debt default since it gained independence from Britain in 1948. Its bonds already trade deep in distressed territory, with holders bracing for losses approaching 60 cents on the dollar. The government said last month it would halt payments on foreign debt.
Source :- https://www.bloomberg.com/news/arti...hints-at-trouble-ahead-for-developing-nations