Securities Industry Association will be joining the Domestic Debt Exchange program after reaching a deal with the government

0
Ministry of Finance to Begin Payment for Old Bonds on March 13

The government has reached understanding with the Ghana Securities Industry Association to sign up for the Domestic Debt Exchange programme.

According to sources, the Association’s terms will be similar to what the banks and insurers have secured in terms of the 5% Coupon Payment and 9% for the 12 New Bonds that will be issued.

There will also be a Stabilization Fund established as well for the industry.

Reports say the government is likely going to propose some new terms for individuals with investments in collective schemes and mutual funds.

Advertisement

Sources also suggest that government is set to propose some favorable terms for individual bondholders with an announcement expected soon.

More soon…

Subscribe
Notify of
guest

0 Comments
Inline Feedbacks
View all comments