Dr. Adu Anane Antwi, Convenor of the Locked Up Investment Forum, praised the government for its continued payment of coupons, a gesture that has provided relief to investors.
In an interview with the media, Dr. Antwi noted that many investors were initially uncertain about whether the new government would uphold these commitments. Still, the ongoing payments have helped alleviate their concerns.
“If bondholders are going to be paid any amount at all, it’s good for investors, but let me clarify that for people who were exempted, they have been paid, every week when the coupon is due. What the government is paying now is for people who put in their bonds, and the settlement date was on February 17, this is the 4th coupon that is due for the bonds that were exchanged. All bondholders have to enjoy that,”
On the Sinking Fund payment, Dr. Antwi said, it will eliminate the challenges investors go through before payment.
He said that with the sinking fund, the payment of the next coupon is secure, given that funds have already been allocated for this purpose.
“If the government has put some amount into a Sinking Fund, then investors are assured that when the time comes, which will be due in August, monies have been put aside already,” He said.
