Audio By Carbonatix
ESLA has announced that approximately 90% of non-sovereign bondholders have successfully tendered their bonds.
This follows an announcement on September 16, 2024, to buy back all the outstanding bonds under ESLA PLC Tranche E2, E3, E4 and E5 held by non-sovereign bondholders.
ESLA PLC subsequently announced on September 30, 2024, the extension of the buyback offer period, with a new offer close date of October 14, 2024.
A circular from the Ghana Stock Exchange stated that ESLA PLC encourages the remaining non-sovereign bondholders to tender their bonds promptly.
It will exercise all options available to settle all remaining non-sovereign bondholders immediately after the buyback offer closes.
The bonds will be repurchased at par using proceeds held in the lockbox account.
Settlement is however scheduled for October 30, 2024.
Latest Stories
-
The Asian Model of Development: Lessons and implications for Africa’s economic transformation
1 hour -
Two-time world champion Nana Yaw Konadu takes over as PKO Boxing President
2 hours -
National Security arrests 45 in Tamale over cross-border crime
4 hours -
Private citizen seeks injunction to halt operations of Ghana Law Society
4 hours -
Thirteen suspected illegal miners remanded by Enchi District Magistrate Court
6 hours -
Court remands man claiming a military plot to kill President Mahama
7 hours -
‘I am the only one who can unite NPP for 2028 victory’ – Dr Bryan Acheampong
7 hours -
Senyo Hosi clarifies Star Oil CEO’s controversial stance on fuel price floor
8 hours -
Trump threatens Canada with 100% tariffs if it ‘makes a deal with China’
9 hours -
Wizkid, Asake share collab EP dubbed ‘Real’
9 hours -
BoG backs $134m Access Bank-IFC deal to save LBCs from liquidity crisis
10 hours -
John Dumelo vows road safety overhaul after UniMAC student’s death on N1
10 hours -
Semenyo bags first EPL goal for new club as Manchester City brush aside Wolves
10 hours -
Eduwatch petitions Chief of Staff to stop GH¢600m foreign scholarship haemorrhage
10 hours -
Ivory Coast president appoints brother as vice prime minister
11 hours