- Ghana’s latest proposal for Eurobond debt restructuring, featuring lower interest rates and significant face value reductions, has been rejected by creditors.
- Bondholders demand more value recovery instruments, aiming for a dynamic restructuring deal that adjusts with economic performance.
Ghana’s recent effort to renegotiate its Eurobond debt has encountered significant opposition, as creditors have dismissed the government’s latest proposal. This proposal attempted to balance securities with lower interest rates and unchanged face value against others with considerable face value reductions, capped at 5% coupons.
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