Ghana’s Bondholders Back $13 Billion Restructure Exchange Offer
- Exchange marks major milestone in Ghana’s debt revamp
- Ghana has been reworking more than $20 billion of debt
Accra, Ghana.
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A group of Ghana’s commercial creditors including BlackRock Inc. and Abrdn Plc backed the government’s offer to exchange about $13 billion of eurobonds for restructured notes, a crucial part of the West African nation’s debt rework.
“The committee considers that the legal and financial terms of the exchange offer and consent solicitation are in line with the agreement in principle reached between the committee and Ghana in June,” the group said in a statement on Thursday.