Ghana Reaches Deal to Restructure $13 billion of Eurobonds.

Ghana Moves Closer to Debt Restructuring Deal with International Bondholders ACCRA, June 24 (Reuters) - Ghana’s ongoing debt restructuring efforts advanced significantly on Monday as the government announced reaching an agreement in principle with holders of approximately $13 billion in international bonds. The development marks a pivotal moment in Ghana’s economic trajectory, following a series of critical events over the past two years: • February 2022: Moody’s…

Ghana Reaches Deal to Restructure $13 Billion of Eurobonds

Ghana Reaches Deal to Restructure $13 Billion of Eurobonds Ghana and its eurobond investors have reached an agreement in principle to restructure about $13 billion of dollar bonds, marking a major step since the West African nation embarked a debt overhaul over a year ago. #press

Ghana Reaches Deal to Restructure $13 Billion of Eurobonds Posted into Bloomberg @bloomberg-bloomberg

Ghana, bondholders reach agreement in principle to restructure $13 billion debt, sources say By Maxwell Akalaare Adombila ACCRA (Reuters) -Ghana has reached an agreement in principle with its bondholders for the restructuring of $13 billion worth of international debt, three sources told Reuters on Thursday, on the heels of a deal finalised with official creditors earlier this month. The deal will see bondholders take a haircut on principal of up to 37% and maturity of…