Speaking at a news conference at the office of the Leader of the Opposition on Charles Street in Port-of-Spain, Persad-Bissessar cited an unconfirmed Cabinet minute in which the Government agreed that Citicorp Merchant Bank be awarded the mandate to underwrite a TT dollar, fixed-rate, 20-year bullet bond in the sum of $1.35 billion dollars to be issued by WASA. The 20-year, zero-coupon structure used for the WASA bond is similar to the proposal of the Minister of Finance for the resolution of Clico Executive Flexible Premium Annuity policyholders who invested more than $75,000 in the company. Along with representing attorneys, other signatories included Denis Evans, Managing Director of Citi Group, the Trustee, Sharon Christopher, Deputy Chief Executive Officer of First Citizens and the Paying Agent and Registrar, Aliyah Jaggassar of RBTT Trust Ltd.