Finance Minister officially announces Domestic Debt Exchange programme | 3News.com

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Under the programme, he said, ” domestic bond holders will be asked to exchange their instruments for new ones.”

He added “Existing domestic bonds as of 1st December will be exchanged for a set of four new bonds maturing in 2027, 2029, and 2037.”

The annual coupons on all of these bonds will be set at 0 % in 2023, 5% 8n 2024 and 10% from 2025 until maturity

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