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Pimco Among Firms Set to Start Debt Talks With Sri Lanka

  • Creditor group includes country’s two largest reported holders
  • Central bank chief hints that legal adviser pick to come soon
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Sri Lanka Enters Default, Warns of Surging Inflation
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A group representing Sri Lanka’s creditors has expanded to about 20 firms, people with knowledge of the matter said, with the defaulting country expected to start readying an advisory team soon.

Pacific Investment Management Co., T. Rowe Price Group Inc. and BlackRock Inc. belong to the group representing some of its largest creditors and restructuring talks are expected to start soon, the people said, requesting anonymity ahead of a formal announcement. AllianceBernstein LP and Wellington Management Group are also members.