DDEP: Individual Bondholders With Old Bonds Will Struggle to Sell – John Kumah

Government has cautioned individual bondholders on the consequences of failing to sign on to the new terms of the Debt Exchange Programme.

The Finance Ministry in a statement announced an extension to the programme but warned of serious challenges should they decide to sell the bonds before the maturity dates.

According to the agreement, individual holders who fail to sign will struggle to trade their bonds if they fail to accept the new terms announced by the Finance Ministry.

Per the new agreement, “based on the engagements with the representative groups of individual bondholders, the following has been offered and will form part of the new Exchange Memorandum: