Managers of ESLA PLC have stated that approximately 90 percent of non-sovereign bondholders have successfully submitted their bonds for tender.<\/p>\n This decision follows the announcement on September 16, 2024, to repurchase all outstanding bonds under ESLA PLC\u2019s Tranche E2, E3, E4, and E5 held by non-sovereign bondholders.<\/p>\n Furthermore, ESLA PLC extended the buyback offer deadline to September 30, 2024, with a revised closing deadline set for October 14, 2024.<\/p>\n The Ghana Stock Exchange issued a notice urging remaining non-sovereign bondholders to submit their bonds promptly to avoid any delays.<\/p>\n ESLA PLC intends to use all available resources to settle the remaining non-sovereign bondholders promptly once the buyback offer concludes. The tendered bonds will be redeemed at face value to ensure that the funds used are held in the lockbox account.<\/p>\n The settlement date is scheduled for October 30, 2024.<\/p>\n ESLA PLC is a Special Purpose Vehicle (SPV) established as a public limited liability company to issue long-term bonds aimed at resolving energy sector debts owed to banks and trade creditors.<\/p>\n The securities issued are backed by a portion of the Energy Sector Levy Act (ESLA) receivables assigned to the company for the payment of coupons and principal repayments associated with the securities issued.<\/p>\n MA<\/p>\n Watch the latest edition of BizTech below:<\/b><\/p>\n![\"Minister](\"https:\/\/cdn.ghanaweb.com\/imagelib\/pics\/748\/74884552.295.jpg\" "\\"Minister")
Minister of Finance, Dr. Mohammed Amin Adam<\/span><\/span><\/p>\n<\/div>\n