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Ghana dollar bonds tumble after government debt overhaul scenarios

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Ghana's sovereign dollar bonds dropped nearly 3 cents in the dollar on Tuesday, following the government's presentation of debt rework scenarios to investors that included a haircut of between 30-40% on the principal.

Longer-dated bonds sustained the biggest losses, with the 2061 down as much as 2.9 cents in the dollar to 38.9 cents, its lowest level since mid-July, Tradeweb data showed.

Source: Reuters

by Aklama

October 17, 2023
in Africa

#Ghana

Ghana dollar bonds tumble after government debt overhaul scenarios

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