Sri Lanka Seeks Bank Bids For Potential Dollar-Bond Exchange

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Sri Lanka Seeks Bank Bids For Potential Dollar-Bond Exchange

(Bloomberg) -- Sri Lanka is working on a proposal to exchange its existing dollar bonds for new securities, a step that would help the crisis-plagued South Asian country secure more international financial aid. The Ministry of Finance said on Thursday that it was inviting banks to submit proposals for the transaction. Financial institutions would work alongside Lazard Frères SAS and Clifford Chance LLP, according to a statement. Almost two years…