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Sri Lanka offers 30% haircut to bond holders: central bank
Sri Lanka offers 30% haircut to bond holders: central bank
by  AFP

Sri Lanka's central bank on Thursday unveiled its domestic debt restructuring plan, envisaging a 30 percent haircut on dollar-denominated bonds, including international sovereign bonds. The treatment of dollar-denominated Sri Lanka Development Bonds (SLDB) will be "comparable to external creditors", the bank said in a statement.

Most markets rise as traders weigh central bank rate plans
Most markets rise as traders weigh central bank rate plans
by  AFP

Most markets rose in Asia on Thursday, building on the previous day's advances, even after central bank chiefs warned that interest rates would rise further to counter persistent inflation. His comments came after European Central Bank chief Christine Lagarde said eurozone borrowing costs would continue to rise.

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