Government has announced the reopening of a debt exchange programme for holders of domestic bonds who did not participate in the deal that closed in February.
This is in exchange for a package of new tranches of the same new bonds issued by the government as part of the February 2023 Domestic Debt Exchange Programme (DDEP).
The value of eligible bonds excluding Pension Funds Bondholders that is target for the programme is estimated at GHC12.9 billion.
A breakdown of the figure consists of GHC137.4 million Daakye Trust Plc, GHC1.1 billion ESLA Plc and GHC11.7 billion Republic of Ghana bonds.
The essence of the exercise, which ends on 22 September 2023, according to the ministry was to allow eligible bondholders who could not participate in the February 2023 Exchange on time to do so with the possibility of Government prioritising payments on the new bonds over eligible bonds.
“We believe that there is value for bondholders to participate in this invitation. Indeed, the new bonds which will include the New Tranches are expected to be more liquid than the Eligible Bonds, considering the investmlargerent base and the benchmark size of the new bonds.
“The terms of this Invitation are identical to the terms of the February 2023 Exchange except that the relevant dates for this reopening exercise have changed as indicated in the Exchange Memorandum,” the Ministry of Finance said in a press statement.
Read the full statement below:
Asaase Radio 99.5 broadcasts on radio via 99.5 in Accra, 98.5 in Kumasi, 99.7 in Tamale, 100.3 in Cape Coast and on our affiliates Bawku FM 101.5 in Bawku, Beats FM 99.9 in Bimbilla, Somua FM 89.9 in Gushegu, Stone City 90.7 in Ho, Mining City 89.5 in Tarkwa and Wale FM 106.9 in Walewale
Tune in to broadcasts online: www.asaaseradio.com, Sound Garden and TuneIn
Follow us on Twitter: @asaaseradio995
Live streaming on facebook.com/asaase99.5. Also on YouTube: AsaaseXtra.
Join the conversation. Call: 020 000 9951 or 059 415 7777. Or WhatsApp: 020 000 0995.
#Asaase321
#TheVoiceofOurLand
#WeAreHere
#WeLoveOurLand
#SafeMotorway4All
