Government to launch $13 Billion Eurobond Debt Exchange
The government is preparing to launch its Eurobond Debt Exchange Programme next week, aiming to restructure approximately $13 billion in outstanding Eurobond debt. The programme, expected to run for 10 days, will invite investors to exchange their existing bonds for newly issued ones under revised terms. This move follows a preliminary agreement with Eurobond holders reached in June 2024, where bondholders are expected to concede around $4.7 billion in debt. The offer includes two restructuring options: the P.A.R. option, capped at GHS 1.6 billion, and the Disco option, which allows investors to exchange their holdings for three new bond instruments....
