The Monetary Board of the CBSL as the custodian of the EPF, having considered the two options available has decided to opt for the Debt Exchange offer with a long-term view in the best interest of the members of the Fund.
Accordingly, the EPF has tendered Rs. 2,667,512,169,237 face value of Treasury Bonds for Debt Exchange, including additional Rs. 149,890,740,000 in excess of the minimum participation requirement considering its comparative benefits to the Fund.
The Government has accepted the same and issued new Treasury Bonds to EPF with an equivalent face value.