E.S.L.A. PLC Announces 90% Participation in GHS 1.044 Billion Bond Buyback Programme
E.S.L.A. PLC has announced that 90% of non-sovereign bondholders have tendered their bonds in its GHS 1.044 billion buyback programme.
In a statement to the Ghana Stock Exchange, the company urged the remaining bondholders to submit their bonds before the offer closes on October 14.
Following the deadline, E.S.L.A. PLC will take all necessary steps to settle with the remaining bondholders.
The buyback, which covers bonds from Tranches E2, E3, E4, and E5, will be executed at par value, with settlement scheduled for October 30, 2024. Funds for the operation will be drawn from the company’s lockbox account.
The bond buyback programme underscores E.S.L.A. PLC’s efforts to streamline its debt structure and reduce liabilities as part of a broader strategy to improve its financial standing.
