Sri Lanka to Start Restructuring Talks With Investors Next Week

Global investors and Sri Lanka officials expect to start negotiations aimed at restructuring $12 billion in defaulted global bonds next week, according to people familiar with the matter.

A group of bondholders, known as a steering committee, will begin talks as they weigh a proposal from the government to rework the overseas debt that has been in default since 2022, the people said, declining to be named because negotiations are private. The goal is to reach a deal quickly, the people said, particularly as Sri Lanka is scheduled to hold presidential elections later this year.

Rothschild & Co., which advises ...