A special media briefing was held at the President's media centre today to explain the debt restructuring process. The media briefing was attended by the Governor of the Central Bank Dr. Nandalal Weerasinghe and the Secretary to the ministry of Finance Mahinda Siriwardena. 

Dr. Nandalal Weerasinghe assured that the debt restructuring program will be carried out in a manner that will not adversly affect the banking sector of the country. The Governor went on to note that bonds issued by the Central Bank and bonds purchased by the EPF and ETF will be restructured under the program. 

He added that all of these bonds will be reissued under new interest rates. 

Accordingly the newly issued bonds will be at an interest rate of 12% until the year 2025 after which it will carry an interest rate of 9%. 

The Governor of the Central Bank gave further assuarances that beneficiaries of the EPF and ETF schemes will not face any issues in withdrawing funds due to the restructuring process.