INSUBCONTINENT EXCLUSIVE:
Sri Lanka may reach a deal with investors to restructure its $12 billion in defaulted global bonds by mid-May, according to strategists at
Standard Chartered.The South Asian nation has been hoping to reach a deal in the next few weeks, though the first round of direct talks with
dollar bondholders failed to yield a breakthrough
The overall recovery value will probably end up somewhere between those two figures, it said.The government will hold further consultations
The government has already struck deals with official creditors, including China, India and the Paris Club as well as with holders of its
