The government has paid all outstanding arrears owed to Individual Bondholders’ Forum members.
This was stated in a statement released by the Finance Ministry on July 10, 2023.
All coupons and principals due until June 19 have been paid, according to the statement.
It further stated that payment instructions coupons valid till July 10, 2023 had been distributed.
Furthermore, the Government reassured all bondholders of its commitment to continuous and constructive engagement with the leadership of the Coalition of Individual Bondholders Groups (CIBG) and emphasized its dedication to implementing the terms of the Memorandum of Understanding (MOU).
“The Ministry of Finance takes this opportunity to thank all bondholders for their continuous support during this period of tight liquidity. Government is confident that in working with all stakeholders, we shall restore macroeconomic stability, achieve inclusive economic growth, and transform the Republic”, the statement added.