22
Aug
Government has announced what it calls an “administrative extension of the domestic dollar bonds and pension funds” alternative offer programme to August 25, 2023. This is despite an announcement by the Ministry of Finance that it had about 91 percent participation in the bonds which started on July 14 2023, and was extended when the offer ended on August 4, 2023. The Finance Ministry in statement issued on Tuesday August 21, 2023 noted that this administrative extension “afford holders that have not tendered, additional time to secure internal approvals to participate, through this administrative window to participate in this exchange,”.…