What Would a Sovereign Debt Restructuring Look Like For Sri Lanka?

The Sri Lankan economy is under growing pressure as the market indicates a 50% probability that the country will default on its $1 billion 5.875% notes due July 2022. This debt crisis threatens to further upend the country’s economy and experts warn time is running out.

On March 10, 2022, Orrick collaborated with Reorg to present ‘What Would a Sovereign Debt Restructuring Look Like For Sri Lanka?’ The webinar focused on the legal and financial concerns in anticipation of a potential sovereign debt restructuring of Sri Lanka’s existing $12.55 billion bond curve.

Reorg Asia Editor Nidhi Pandurangi moderated the panel discussion featuring Poonam Bansal (Reorg Asia Core Credit), Carlos de Sousa (Vontobel) and Orrick Of Counsel Thomas Laryea.

Please click below to view a recording of the event.