Ghana Bondholders Overwhelmingly Support Debt Restructuring

Bloomberg News

Ghana Bondholders Overwhelmingly Support Debt Restructuring
GhanaBond InvestorsSovereign Bonds
  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 55 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 39%
  • Publisher: 63%

(Bloomberg) -- Ghana received “overwhelming” participation and support from its international bondholders to restructure $13 billion of eurobonds, a key step...

-- Ghana received “overwhelming” participation and support from its international bondholders to restructure $13 billion of eurobonds, a key step marking the conclusion of the West African nation’s debt rework.A 7,000-Year-Old City Emerges as a Haven from Dubai’s Sky-High RentsOver 90% of bondholders agreed to a debt exchange following a consent solicitation, paving the way for the government to issue new bonds to investors to replace existing ones, the government said in a statement Thursday.

“This landmark achievement ushers in a new phase of economic recovery, returning Ghana to a sustainable debt path and putting us back on the investor map,” President Nana Akufo-Addo said in a separate statement. The West African nation’s deal has been hailed as one of the quickest under the Group of 20’s Common Framework, which works with the principle of comparability of treatment between sovereign lenders and bond investors. It took Zambia nearly four years to issue two series of restructured notes to investors.What we know about Netflix’s Harlan Coben show Missing You

Kino Lorber has acquired North American rights to Andres Veiel’s Venice prizewinning documentary “Riefenstahl,” a critical portrait of Leni Riefenstahl, a filmmaker and Nazi propagandist who was close to Adolf Hitler. Kino Lorber is planning a theatrical release in 2025, followed by a digital, educational, and home video release. Produced by Sandra Maischberger, “Riefenstahl” world …Harmonizing digital twin and digital thread capabilities with core digital engineering principlesBOSTON, MA, Oct.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

YahooFinanceCA /  🏆 47. in CA

Ghana Bond Investors Sovereign Bonds International Monetary Fund

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Teachers at Pearson College vote ‘overwhelmingly’ in favour of job actionTeachers at Pearson College vote ‘overwhelmingly’ in favour of job actionThe union representing teachers at Pearson College in Metchosin says its members have voted 'overwhelmingly' in favour of job action.
Read more »

Workers at several large US tech companies overwhelmingly back Kamala Harris, data showsWorkers at several large US tech companies overwhelmingly back Kamala Harris, data showsWorkers at many of the largest U.S. tech companies overwhelmingly back Democratic presidential candidate Kamala Harris, according to donation data, even as...
Read more »

Ghana Delivers Steep Rate Cut With Inflation Seen Easing FurtherGhana Delivers Steep Rate Cut With Inflation Seen Easing Further(Bloomberg) -- Ghana lowered interest rates for the first time in eight months after the pace of inflation slowed in the West African nation and is expected ...
Read more »

Blinken and Lammy stress their support for Kyiv as Ukraine pleads for permission to strike RussiaBlinken and Lammy stress their support for Kyiv as Ukraine pleads for permission to strike RussiaKYIV, Ukraine (AP) — The top U.S.
Read more »

U.S. Federal Reserve policy-makers say they are ready to cut interest ratesU.S. Federal Reserve policy-makers say they are ready to cut interest ratesOne policy-maker said he could support back-to-back reductions, or a bigger cut in borrowing costs, should the cooling labour market need support
Read more »

Air Canada Pilots Get More Political Support as Strike LoomsAir Canada Pilots Get More Political Support as Strike LoomsCanada’s Conservative party chief says he stands with pilots in a labor dispute with Air Canada, as the carrier prepares to suspend flights ahead of a potential strike.
Read more »



Render Time: 2025-02-16 11:48:15