Asia/Pacific

SriLankan Airlines defaults on $175 million bond

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SriLankan Airlines defaults on $175 million bond

SriLankan Airlines has defaulted on a $175 million bond as it was unable to meet a $6 million interest payment due in December 2022. The airline’s default on the 7% bond occurred as a result of a non-payment of the coupon which fell due on December 25, 2022. “The board of directors of the compan...

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