Ghana's dollar bonds rally as debt rework talks move forward - Tradeweb
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LONDON, March 15 (Reuters) - Ghana's international sovereign dollar bonds gained more than 1 cent on Friday, Tradeweb data showed, a day after Reuters reported that its international bondholders started formal debt rework talks.
All its bonds gained, but the 2042 maturity rallied by the most, adding just over 1 cent to trade at 47.71 cents on the dollar by 838 GMT.
Ghana defaulted on most of its external debt in December 2022, amid its worst economic crisis in a generation. Reuters reported that international bondholders entered into non-disclosure agreements on Wednesday, marking the start of formal talks to restructure over $13 billion of international bonds.
(Reporting By Libby George, Editing by Rachel Savage)
