Eurobond Debt Exchange Programme: Gov’t secures more than 90% participation

The government has secured significant participation from investors in the Eurobond Debt Exchange Programme.

This is what Joy Business has picked up from persons familiar with the offer, which was launched on September 5 and ended on 30th September 2024.

Sources say the government might have achieved more than 90 per cent, compared to the 65 per cent that it was targeting.

The Ministry of Finance is trying to use the Eurobond Debt Exchange Programme to restructure some 13 billion dollars of debts that the government owes to Commercial External Creditors.