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Ghana’s finance ministry said on Monday it was taking steps to ensure payments of coupons and principals of old bonds resume on March 13 following the conclusion of a domestic debt exchange programme.
It also said in a statement that the newly issued bonds had been settled and listed, and would become the new benchmark bonds for the fixed-income market.
Ghana has to restructure its debt to secure a $3 billion International Monetary Fund bailout.
It successfully closed a long-delayed domestic debt exchange programme on Feb. 14 with registrations from around 85% of eligible bondholders.
Finance Minister Ken Ofori-Atta said two days later that substantive discussions with external bondholders were due to start in the next few weeks.
SOURCE: REUTERS
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