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Senyo Hosi: Current structure of the Domestic Debt Exchange Programme is disruptive

The government announced a domestic debt exchange programme in December 2022 and said that external restructuring was being negotiated with creditors

The Individual Bondholders’ Forum has intensified calls for the government to exclude individual bondholders who have collective investment schemes from the entire debt restructuring exercise.

Although the group has welcomed government’s decision to extend the deadline for the Domestic Debt Exchange Programme (DDEP) from 16 January to 31 January 2023, the convener of the forum, Senyo Hosi, maintains that the debt exchange programme in its current structure is disruptive.

“We are talking about lives here … We have every responsibility to protect the interest of the broader citizenry …”

Listen to Senyo Hosi in the audio clip attached below:

 

The Individual Bondholders’ Forum (IBF) is providing legal, public advocacy and negotiation representation for direct and indirect individual bondholders.

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