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“Government Issues Payments for Outstanding Coupons”

On Thursday, March 23, 2023, the government made an additional payment for outstanding coupons, as announced by the Finance Ministry in a statement on March 24. The payments covered both the 2-year note that matured on February 20, 2023, and the 20-year note due on February 20, 2023.

The government had previously issued a press release on March 14, 2023, and the additional coupon payments were made in accordance with that release. The ministry also stated that payments on the principal of the 2-year note maturing on February 23, 2023, and subsequent maturities, will be communicated at a later time.

The delay in payments had caused some concern among bondholders, but the ministry reassured them that steps were being taken to restore macro-economic stability. The statement further thanked all stakeholders for their patience and cooperation as the government works towards this goal

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