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Gov't povides an administrative window until February 10 for Bondholders to complete tender process

The Government of Ghana says it is providing bondholders with a window to complete processes for tendering their bonds, in response to the terms of Exchange as amended pursuant to the 2nd Amended and Restated Exchange Memorandum.

It mentioned that the window ends on Friday, 10th February 2023 at 4:00 p.m. (GMT).

In a release signed by the Finance Minister, Ken Ofori-Atta, it said "The timetable of the Exchange is not otherwise affected by this, except for the Announcement Date which is now expected to occur on Monday, 13th February 2023. The settlement of the Exchange is still scheduled for Tuesday, 14th February 2023."

The Finance Minister further noted that except as set forth in this paragraph, the terms and conditions of the Exchange are not modified or amended.

The statement explained that all Eligible Bondholders who were unable to complete the process should visit the website of the Central Securities Depository to complete the process.

"In connection with the ongoing Domestic Debt Exchange Programme (DDEP), the Government of Ghana thanks all bondholders who have so far tendered their bonds. 

However, it has come to the attention of Government that some bondholders faced technical glitches as they tried to complete the online tender process."

Below is a copy of the release:

Story by: Joshua Kwabena Smith



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