EPF: Single Largest Holder of Govt T-Bonds

COLOMBO (News 1st); Sri Lanka's Employees' Provident Fund is the Single Largest Holder of Government Treasury Bonds, revealed Verite Research.

On June 28, 2023, the Sri Lankan government unveiled its Domestic Debt Restructuring plan. A key component of this plan is the restructuring of bond holdings associated with superannuation funds, which are funds set up for retirement benefits.

An infographic released by Verite Research revealed that the Employees Provident Fund (EPF), the country's largest superannuation fund, was also the predominant holder of bonds at the end of 2022.

Quoting data from the 2022 Annual Report of the Central Bank of Sri Lanka, Verite Research said that Licensed Commercial Banks held 39% of government treasury bonds.