How does debt restructuring affect the bond holder?

Say for example you own Sri Lankan bonds at 40 cents to the dollar, and with the economic outlook dwindling they decide they want to restructure their debt

As a retail trader, would there be any change to the bond you hold, coupon/maturity etc?

Or would the debt restructuring only affect the top few lenders (banks/other governments) who own significant positions to negotiate rather than restructuring all debt?

Thank you!