MINISTRY OF FINANCE EXTENDS DOMESTIC DEBT EXCHANGE PROGRAMME
The Ministry of Finance has extended the expiration date of the Domestic Debt Exchange Programme from Monday January 16, 2023 to Tuesday January 31, 2023.
The Domestic Debt Exchange Programme is a voluntary exercise, however, there will be engagement with stake holders especially individual bond holders to alleviate disadvantageous impact while contributing to overcoming economic challenges.
In a statement by the Ministry of Finance, Following the first announcement of the Domestic Debt Exchange Programme on December 5, 2022, the Government entered into advanced discussions with multiple stakeholders. These discussions resulted in the amendment of the terms of the offer, which was announced on 24 December, 2022, to expire on January 16, 2023.
Also, the release added, “a successful Domestic Debt Exchange is critical to advance our economic recovery process, and therefore it is in our common interest to make it work”.
Attached is the release form the Ministry of finance.
Related Posts
ZB Bank Appoints Arthur Matsaudza as new CEO
The Board of Directors of ZB Bank has announced the appointment of Arthur Matsaudza as the bank’s new…
ByAfreximbank deepens support for Uganda’s new growth ambitions
The African Export-Import Bank (Afreximbank) is strengthening its partnership with Uganda as the country advances its Tenfold Growth…
Absa promotes Nivash Sewgobind to Head of Performance Analytics
Nivash Sewgobind has been promoted to Head of Performance Analytics & Business Partnering at Absa Group, marking a…
The Hidden Cost of Doing Business in Nigeria
Modupe Coker The biggest obstacle facing many entrepreneurs in Nigeria is not a shortage of ideas or effort.…
Gallery
