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Launch of a domestic debt exchange program: the Ghanaian government seeks the full participation of investors

19/07/2023
Source : ORISHAS FINANCE
Categories: Sectors

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With the aim of restructuring debts totaling approximately 809 million dollars, the State of Ghana is seeking the full participation of all investors in its dollar-denominated bonds.

Investor participation in dollar-denominated bonds is an aspect of the domestic debt exchange program. It is crucial in Ghana's quest to restore debt sustainability, which is an essential component of the IMF program. In reality, the government plans to exchange two dollar-denominated bonds that are expected to mature in November 2023 and the same month in 2026 with new bonds that would mature in 2027, and 2028. The new bonds will also come with a reduced coupon rate of 2.75% and 3.25% compared to the 4.75% and 6% offered for

the old bonds.
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