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In response to the ultimatum given by the Pensioners Bondholders who were exempted from the Domestic Debt Exchange Programme (DDEP), the Finance Ministry released a statement on February 27th, 2023, promising to honor the coupon rates on matured bonds for those who did not sign up for the DDEP.
In response to the ultimatum given by the Pensioners Bondholders who were exempted from the Domestic Debt Exchange Programme (DDEP), the Finance Ministry released a statement on February 27th, 2023, promising to honor the coupon rates on matured bonds for those who did not sign up for the DDEP.
The Pensioners’ Bondholders had accused the government of defaulting in paying the yields, which had caused significant concern among them. The two-week ultimatum they had given the government indicated their dissatisfaction and the urgent need for the government to address the issue.
The Finance Ministry’s statement relieved the Pensioners’ Bondholders excluded from the DDEP. It assures them that the government is committed to fulfilling and meeting its debt obligations. This should be a welcome development for the bondholders concerned about the potential loss of their investment.
How the government will follow through on its promise to pay the coupon rates on matured bonds remains to be seen. Pensioners’ Bondholders will closely monitor the situation and expect the government to fulfill its commitment within the specified timeframe.
The Finance Ministry’s statement relieved the Pensioners’ Bondholders excluded from the DDEP. It assures them that the government is committed to fulfilling and meeting its debt obligations. This should be a welcome development for the bondholders concerned about the potential loss of their investment.
How the government will follow through on its promise to pay the coupon rates on matured bonds remains to be seen. Pensioners’ Bondholders will closely monitor the situation and expect the government to fulfill its commitment within the specified timeframe.
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Source: Omanghana.com/SP
