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Gov’t extends final deadline for Domestic Debt Exchange Programme

Government has extended the deadline for the Domestic Debt Exchange Programme (DDEP) to February 7, 2023.

The Finance Ministry in a press release on Tuesday added that a new settlement date of Tuesday, February 14, 2023, will be confirmed via the new Exchange Memorandum.

The original deadline for the Programme expired at 4pm on January 31.

Amidst lots of disagreement following the announcement of DDEP, the Ministry said it “has made significant progress with all stakeholders, including financial sector industry associations and representative groups of individual bondholders, with respect to their participation in the Programme.”

Below is a press release from the Finance Ministry;

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