Eurobond

The Minister of Finance, Dr. Mohammed Amin Adam has indicated that Ghana is back on the international capital market, following the successful conclusion of the $13 billion Eurobond debt restructuring. Addressing the press in Accra, Dr. Adam described the development as positive turn that will accelerate Ghana’s financial position in the international market. “We are back to the capital market. With this conclusion, our Eurobonds are going to start trading the very day we set off,” he said. He announced that government is considering other factors before borrowing from the capital market. “That is a decision we are yet to…

Ghana will kick off a debt exchange program next week to wrap up its dollar bonds revamp. The process inviting investors to swap their existing securities for new ones will last 10 working days, Minister of State at the Ministry of Finance Abena Osei Asare said in an interview Thursday. Ghana’s eurobonds maturing in 2032 rose 0.2 cent to 51.64 cents on the dollar at 4:30 p.m. in London. Notes due 2035 gained 0.1 cent to 51.62 cents on the dollar. Ghana reached an agreement in principle with eurobond holders in June to rework $13 billion of eurobonds. The deal…