coupon payment

Despite announcing a debt restructuring programme which will affect interest payments in 2023, government has made a coupon payment on a treasury note that matured on Tuesday, January 3rd, 2023. The coupon payment on the government instrument was 18.5%. Joy Business understands that the interest payment was honoured because the domestic debt exchange is yet to fully take off. The programme has been postponed twice with the latest deadline being January 16, 2023. Government is also expected to honour other interest payments on other debt instruments that are expected to mature before or on January 16, 2023. In the Amended…