Government says processes for paying matured coupons on outstanding bonds commenced on Monday, and urged bondholders to expect such payments to hit their accounts within the next 48 hours.
This was captured in a statement issued by the Ministry of Finance this evening.
The Ministry of Finance announced that payment dates for subsequent maturities will be communicated in due course, as processing continues.
The statement said initial instruction covers coupon and principal payments on bonds that matured on 6th February, 2023, and 13th February, 2023. It further assures holders of the mentioned bonds to expect to receive their payments within the next 48 hours”.
The statement comes barely hours after the Coalition of Bondholders issued a 48 hour ultimatum to Government to pay all their outstanding coupons or face their wrath.
