Saturday Nov 23, 2024
Saturday Nov 23, 2024
Monday, 26 September 2022 03:21 - - {{hitsCtrl.values.hits}}
The Government has kicked off an identification of holders of notes issued or guaranteed by Sri Lanka. The principal amount outstanding of these notes is $ 12.72 billion.
It has appointed Morrow Sodali, a leading provider of strategic advice and shareholder services to corporate clients around the world, as identification agent to compile a list of holders to assist in this process and is requesting the holders (or their respective intermediaries) to disclose their identities and holdings of the notes.
11 issues of Notes worth $ 12.55 billion due from 2022 and 2030 are listed and the other is $ 175 million bond of SriLankan Airlines due in 2024 and guaranteed by the Government.
The exercise announced on Friday will also help improve communication with the holders. Any information gathered through this process will be kept strictly confidential for use by the Republic and its advisors.
Holders and custodians should respond to this identification request via one of the two options:
Provide the information directly to the identification agent via secure website (https://projects.morrowsodali.com/srilanka/form-1) or email ([email protected]) or provide the required information, via their custodian bank, to the relevant clearing system, Euroclear or Clearstream Luxembourg, through the relevant disclosure event established for this identification request.
The Republic and identification agent do not require the blocking of securities in order to reply to the request. Custodian banks should ensure they advise their clients of this identification request.
Morrow Sodali provides corporate boards and executives with strategic advice and services relating to corporate governance, shareholder and bondholder communication and engagement, capital markets intelligence, proxy solicitation, shareholder activism and mergers and acquisitions.
From headquarters in New York and London, and offices and partners in major capital markets, Morrow Sodali serves over 700 corporate clients in 40 countries, including many of the world’s largest multinational corporations. In addition to listed and private companies, its clients include mutual funds, ETFs, stock exchanges and membership associations.
