Ghana Launches $13 Billion Eurobond Restructuring Offer

Sep 5, 2024, 01:53 PM

Ghana has launched a restructuring offer for approximately $13 billion of its international Eurobonds. The offer, which is a crucial part of the West African nation's debt restructuring efforts, has received backing from a committee of commercial creditors. This committee includes major financial institutions such as Abrdn, Amundi, and BlackRock. The restructuring offer, launched on Thursday, comes more than two months after Ghana reached a preliminary agreement with its creditors.