Sri Lanka reaches agreement over restructuring 12.5 bln USD sovereign bonds

COLOMBO, July 4 (Xinhua) -- Sri Lanka has successfully concluded discussions on restructuring international sovereign bonds worth 12.5 billion U.S. dollars out of the total external debt of 37 billion U.S. dollars, a state minister said on Thursday.

In a social media post, State Minister of Finance Shehan Semasinghe said that the agreement is a crucial step in efforts to restore debt sustainability for the South