The bondholder group of Sri Lanka has called for transparency in sharing the terms of agreements reached with China and Paris Club-led creditors. The group expressed regret over the lack of transparency from official sector creditors and highlighted the importance of transparent communication for the private sector to align with Sri Lanka's IMF program. The bondholder group, which has supported Sri Lanka's efforts since February 2023, emphasized its transparency and willingness to engage in good faith. However, they noted that no substantive engagement has occurred between Sri Lanka and its private creditors to date. The group remains committed to reaching an agreement swiftly to address Sri Lanka's international bond debt challenges. The statement also mentioned that Sri Lanka had rejected an initial proposal by bondholders for restructured bonds tied to the performance of the dollar GDP. The group is advised by Rothschild & Co and White & Case LLP as financial and legal advisors, respectively.

https://economynext.com/sri-lanka-bondholders-seek-official-creditor-deal-terms-say-slow-progress-on-talks-142156/