90% of non-sovereign bondholders have tendered their bonds – ESLA

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.

Source: Joy Business

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