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Sri Lanka's bondholders overwhelmingly supported the government's debt restructuring proposal. The plan exchanges existing bonds for new instruments. This includes a governance-linked bond with potential interest rate reductions. Sri Lanka defaulted on its foreign debt in May 2022. The nation joins Ghana, Ukraine, and Zambia in completing bond restructurings this year.
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When the companies start putting earnings, we are likely to see a lots of downgrades of earnings So, against that backdrop bank loan growth has to pick up.
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"In her new role, Al Nuaimi will lead the delivery of ADNOC Gas' ambitious business strategy that is focused on growth, decarbonization, and future proofing," the company said in a statement.
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News and Media
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