No cancellations or withdrawals are allowed when the Domestic Debt Exchange Programme (DDEP) concludes, the government has said.
On Friday, February 10, at 4:00 pm, the program came to an end with almost 85% of participants.
The Ministry of Finance set a goal for this and exceeded it, extending the deadline more than three times to encourage more bondholders to join up.
The Ministry expressed its pleasure with the success of the Program’s implementation in a statement on Tuesday, February 14.
It emphasised that the government’s accomplishment in completely implementing the economic measures in the post-Covid-19 Programme for Economic Growth is noteworthy (PC-PEG).
It pointed out that to provide sufficient time to settle the new bonds in an efficient manner, the Settlement Date has been extended to Tuesday, February 21 from Tuesday, February 14.
“This Settlement Date extension is, however, only to process the settlement of the New Bonds,” the statement added.
“The issue date, interest accrual schedules, and payment schedules for the New Bonds will be adjusted to reflect the actual Settlement Date.
“As the Exchange period has expired, no new tenders will be accepted, and no revocations or withdrawals are permitted.”
Source:Mybrytfmonline.com/3news.com
