The Pensioner Bondholders Forum is picketing outside the Finance Ministry for the seventh time in a row to press for a complete exclusion of their investments from the Domestic Debt Exchange Programme.
The government has suggested a 15% coupon rate, but the group of approximately 50 pensioners claims they will not accept any changes to their investments because the income from these investments is essential to their livelihood.
One pensioner bondholder told Citi News as cited by us that, “the only term we understand now is a total exemption. They exempted pension funds so we the retirees will return to picket again.”
“I will come and sleep here because the investments I made are what I used to pay for my drugs”, another added.
Today, February 10, 2023, is the last day of the government’s extended time for bondholders to finish the tender procedures associated with the controversial Domestic Debt Exchange Programme (DDEP).
The window for bondholders who encountered technical difficulties to finish the online procedures for tendering their bonds was created by the extension from the February 7 deadline.
Following the opening of a three-day administrative window, the Ministry of Finance claims it is now getting the necessary feedback from various stakeholders and individuals.