INSUBCONTINENT EXCLUSIVE:
The Government has announced that Sri Lanka Development Bonds (SLDBs) have been completed under the Domestic Debt Optimisation (DDO)
Programme, State Minister of Finance Shehan Semasinghe stated.In a post on X (formerly Twitter), he further stated that the acceptance of
in line with the DDO, was also approved by the parliament.As of 28 June 2023, the outstanding principal amount of eligible bonds stands at a
Minister said.Further explaining the acceptance of offers to the invitation to exchange Treasury bonds for new bonds, Semasinghe explained
that the success made in this regard will enable the government to reduce Gross Financing Needs (GFN), thereby achieving the GFN target as
bonds which matured on 01 September were excluded from the DDO process, and were paid in full due to the extension of the Invitation to
exchange.Accordingly, 14 September has been determined as the settlement date for the invitation to exchange, while new bonds will also be
issued to eligible holders on the said date, in accordance with the accepted offer.
