The government has extended the settlement date for bonds under the domestic debt exchange programme by one more week.
The extension comes after it has achieved 85 percent participation rate.
The new date for the settlement is February 21, 2023.
The original date was February 14, 2023.
A statement issued to that effect explained that the extension would provide enough time for the settlement to be processed for the new bonds.
“To provide sufficient time to settle the New Bonds in an efficient manner, the Government is extending the Settlement Date of the Exchange from the previously announced 14th February 2023 to 21st February 2023”, the Ministry of Finance said in a statement.
According to the statement, the issue date, interest accrual schedules and payment schedules for the new bonds will be adjusted to reflect the actual settlement date.
It said no new tenders will be accepted, and no revocations or withdrawals are permitted following the expiration of the exchange period.
Meanwhile, the Miniatry has swapped GH₵82,994,510,128 worth of old bonds from a possible GH₵ 97,749,624,691 under the programme.
The amount represents an 84.91% success rate exceeding the Finance Ministry’s intended target of an 80 percent participation rate.
“The government is pleased with the results, as a substantial majority of the eligible holders have tendered”, it said.
By: Rainbowradioonline.com/Ghana
