By Shabiya Ali Ahlam 

Sri Lanka has successfully concluded its discussions with bondholders, reaching an agreement on restructuring terms yesterday. This follows an unsuccessful first round of talks in April.   A notice issued last evening confirmed the island nation has reached a consensus with advisors to restructure US$12.5 billion outstanding bonds.   “At the conclusion of the meetings, Sri Lanka is pleased to report that, following negotiations, the Parties agreed core financial terms of a restructuring of the ISBs, the terms of which are embodied in a joint working debt treatment framework”.