The Managers of ESLA Plc, the entity mandated to raise money to pay Ghana\u2019s energy sector debts, are expected to close the re-opening of the 10 year bond, on Wednesday, January 24, 2018.<\/p>\n
ESLA Plc in November 2017, issued 7 and 10 year bonds to raise some 6 billion cedis to settle outstanding debts in the energy sector.<\/p>\n
The debt is estimated at 10 billion cedis or 2.5 billion dollars.<\/p>\n
In all, ESLA raised 4.7 billion cedis.<\/p>\n
The 7 year bond received the targeted 2.4 billion cedis while the 10-year bond accrued about 2.29 billion cedis, below the target of 3.6 billion cedis.<\/p>\n
Citi Business News<\/strong>\u00a0understands that ESLA Plc is seeking to raise at least 100 million cedis with the re-opening of the bond.<\/p>\n This is expected to attract interest between 19 and 19.4 percent.<\/p>\n The bond will mature on 27th October 2027.<\/p>\n Proceeds are expected to be listed on the Ghana Stock Exchange.<\/p>\n In a related development, the Energy Minister, Boakye Agyarko has told\u00a0Citi Business News<\/strong>\u00a0the government will be returning to the market in March 2018 to raise the remaining amount to clear the energy sector debts.<\/p>\n Though he wouldn\u2019t disclose any further details, Mr. Agyarko explained that the issuers will be looking at raising all the remaining amounted estimated at 6 billion cedis.<\/p>\n –<\/p>\n By: Pius Amihere Eduku\/citibusinessnews.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":" The Managers of ESLA Plc, the entity mandated to raise money to pay Ghana\u2019s energy sector debts, are expected to close the re-opening of the 10 year bond, on Wednesday, January 24, 2018. ESLA Plc in November 2017, issued 7 and 10 year bonds to raise some 6 billion cedis to settle outstanding debts in […]<\/p>\n","protected":false},"author":14,"featured_media":247100,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[121,32,171,11],"tags":[126,2002],"class_list":["post-394698","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking-and-finance","category-business","category-local-economy","category-top-stories","tag-esla-plc","tag-ghana-business-news"],"_links":{"self":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/394698","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=394698"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/394698\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/media\/247100"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=394698"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=394698"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=394698"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}