Ghana 07.09.24

• Commercial creditors have backed the government’s offer to exchange about $13 billion of eurobonds for restructured notes. "In the first option, investors will take a 37% haircut and receive interest payments of 5% from this year to July 2028, and 6% interest thereafter. Bondholders who pick PAR won’t face any nominal losses, but get 1.5% interest on the new bonds maturing in January 2037." Ghana Debt: Bondholders Back $13 Billion Restructure Exchange Offer - Bloomberg