Search

Ghana’s E.S.L.A. PLC Launches GH¢1.04 Billion Bond Buyback to Restructure Energy Sector Debt

Ghana’s E.S.L.A. PLC Launches GH¢1.04 Billion Bond
  • Buyback targets non-sovereign bondholders, offering bonds at par value to reduce outstanding liabilities
  • Move expected to improve fiscal sustainability by cutting future coupon payments

Accra, Ghana – Ghana’s energy sector special purpose vehicle (SPV), E.S.L.A. PLC, has announced a GH¢1.04 billion bond buyback offer as part of efforts to restructure the country’s energy sector debt. With total outstanding E.S.L.A. bonds amounting to approximately GH¢5.50 billion, the buyback aims to reduce liabilities under Tranches E2, E3, E4, and E5, which are scheduled to mature between 2027 and 2033.

You need an active subscription to continue reading this article.

Recent Business

breaking_news
Rwanda Inflation Slows, but Conflict in Congo Poses Economic Risks
Read More »
breaking_news
Egypt’s Inflation Cools for Third Consecutive Month
Read More »
Cellphone with webpage of African bank Ecobank Transnational Inc. on screen in front of business logo. Focus on center of phone display
Ecobank Partners With XTransfer to Enable African Businesses to Pay for Chinese Imports in Local Currency
Read More »

Recent Politics

generic-1-1024x683
Ghana Names Asiamah as Central Bank Governor as Addison Retires
Read More »
breaking_news
ECOWAS to Maintain Trade Ties with Burkina Faso, Mali, and Niger
Read More »
Ethiopia, Tigray Valley, day life
Cash Withdrawals Surge in Tigray Amid Instability Fears
Read More »

Latest Posts

Latest news insights