{"id":44505,"date":"2023-03-16T07:07:23","date_gmt":"2023-03-16T07:07:23","guid":{"rendered":"https:\/\/www.ghanamma.com\/2023\/03\/16\/pay-remainder-of-matured-coupons\/"},"modified":"2023-03-16T07:07:23","modified_gmt":"2023-03-16T07:07:23","slug":"pay-remainder-of-matured-coupons","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2023\/03\/16\/pay-remainder-of-matured-coupons\/","title":{"rendered":"Pay remainder of matured coupons"},"content":{"rendered":"<p><\/p>\n<div>\n<p>The Coalition of Individual Bondholders is putting pressure on the government to make sure that other matured coupons are paid.<\/p>\n<p>This comes after some individual bondholders were paid coupons that matured on February 6 and March 13.<\/p>\n<p>The Group has been adamant about receiving payment for coupons on bonds that were not tendered under the Domestic Debt Exchange Programme.<\/p>\n<p>Senyo Hosi, convenor of the Individual Bondholders Forum, told <strong>Citi News<\/strong> that the government must be clear about when outstanding payments will be made.<\/p>\n<p>\u201cThis payment is welcoming news, but there are three different payments that are yet to be paid and are past due. They should also indicate when that payment will be made. What they should be doing on the communication side is to bring out a payment schedule in the next couple of days as advance information. That is the responsible and proper thing to do to engender confidence in the market. Unfortunately, all this is known, and the regulators sit aloof when all these things are being breached.\u201d<\/p>\n<p><strong>Citi News<\/strong> can confirm that some Pensioner Bondholders Forum members have<span style=\"text-decoration: underline;\"><strong> begun receiving payments<\/strong><\/span> for their matured bonds.<\/p>\n<p>On Wednesday, government commenced payments of outstanding coupons to individual bondholders who failed to participate in the Domestic Debt Exchange programme.<\/p>\n<p>In a statement, the coalition of Individual Bondholders confirmed the payments of matured coupons to its members but called on the Ministry of Finance to review its communication management and reposition it for proactive engagement with creditors as is professionally expected.<\/p>\n<p>\u201cWhile we welcome the commencement of payments, it is important to note that the failure to be definite<br \/>about a payment schedule or a notification date for outstanding payments does not augur well for the<br \/>rebuilding of confidence in the financial market.\u201d<\/p>\n<p>This came after the Coalition of Bondholders gave the government a <strong>48-hour ultimatum<\/strong>\u00a0to pay all their outstanding coupons or face their wrath.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Coalition of Individual Bondholders is putting pressure on the government to make sure that other matured coupons are paid. This comes after some individual bondholders were paid coupons that matured on February 6 and March 13. The Group has been adamant about receiving payment for coupons on bonds that were not tendered under the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7702,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-44505","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Pay remainder of matured coupons - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2023\/03\/16\/pay-remainder-of-matured-coupons\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pay remainder of matured coupons - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"The Coalition of Individual Bondholders is putting pressure on the government to make sure that other matured coupons are paid. 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