Government’s extended window for bondholders to complete tender processes as part of the controversial Domestic Debt Exchange Programme (DDEP) elapses today, February 10, 2023.
The deadline was extended from February 7 to give bondholders who encountered technical difficulties more time to complete the online procedures for tendering their bonds.
Following the opening of a three-day administrative window, the Ministry of Finance claims it is getting the necessary response from various stakeholders and individuals.
The Ministry previously stated that more than 50% of bondholders have already subscribed, and it is hopeful that the government’s decisive actions will result in the achievement of the required goals.
The Minister of Finance on Tuesday, 7th February, 2023 announced the closure of the depth exchange program.
Prior to this, an administrative window was created to enable bondholders to complete the tender process, following what the Finance Ministry described as “technical glitches”.