This site uses cookies to provide you with a great user experience. By using BondbloX, you accept our use of cookies.
Bond Market News
Ghana to Complete Debt Revamp with Dollar Bond Exchange
August 23, 2024
Ghana’s will begin its dollar debt exchange program to complete its debt restructuring. In June, Ghana reached an agreement in principle with eurobond holders to restructure $13bn of its notes. Investors have two options to choose from:
– DISCO option: Bondholders who accept this will take a 37% hair cut and receive two new bonds maturing in July 2029 and 2035. The coupon on these two notes will be 5% from now through July 2028 and will be stepped up to 6% thereafter
– PAR option: Bondholders who accept this will not take a haircut, but will receive a coupon of 1.5% on new bonds maturing in January 2037.
Ghana’s dollar bonds trading steady with its 8.625% 2034s at 52.1, yielding 20%.
For more details, click here
Go back to Latest bond Market News
Related Posts:
BondbloX Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.