Investor Presentaiton slide image

Investor Presentaiton

Ongoing process with private creditors ISBS holders have organized around two committees ISBS account for a significant share of PPG FX commercial debt In % of total commercial FX denominated public debt, excluding ECA-backed debt and SOES' payables and including arrears, as at end-2022 Total: USD 20.3bn 34% 66% • ■Other private creditors ■ISBS • • ISBs international bondholders have formed an ad-hoc creditor committee The group is said to represent more than 55% of ISBS non-domestic holdings¹ A consortium of local private banks holding ISBS has formed another group The group has reported holdings in around USD 1.5bn across all series of ISBs (around 12% of outstanding ISBS) Next steps with private creditors Engage on a technical basis with bondholder committees' advisors and other private creditors to ensure further sharing of information and data, under NDAs Establish the required restructuring discussion channels with all private creditors and their advisors o Reach agreements with private creditors and their advisors that are (i) compliant with the IMF DSA targets and (ii) comparable across different creditor categories o Ensure the legal implementation of the agreements reached with all parties ▸ The achievement of the IMF Board Approval allows Sri Lanka to accelerate and intensify engagements with all categories of creditors Source: Central Bank of Sri Lanka Note: (1) Holdings estimation provided by two bondholder committees 16
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