More than two months after reaching a preliminary restructuring agreement with two groups of bondholders, Ghana on Thursday invited holders of around $13 billion in international bonds to exchange their securities for new ones instruments.

The government said in its “exchange offer and consent solicitation” published in a regulatory statement on the London Stock Exchange, that bondholders have until September 30 to accept the offer, but those who agree to do so before the September 20 deadline will be able to benefit from a commission of 1% consent. Bondholders will be able to exchange their securities for a so-called “disco” bond, offering an interest rate of 5%, which will increase to 6% after mid-2028, and whose maturities will be between 2026 and 2029 for three instruments. According to the government statement, the new bonds will be issued on October 9.