• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

DDE: Bondholders urged to self-exempt as estimated losses on bond value range from 18.7% to 45.4%

3 years ago
in Business, Economy, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
164
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

DDE: Bondholders urged to self-exempt as estimated losses on bond value range from 18.7% to 45.4%

The Individual Bondholders Forum (IBF) is advising its members and members of collective investment schemes to self-exempt from trading bonds in advance of their clear-market period of six months, and to reinvest early bond maturities in old bonds at a discount in short-dated papers like Treasury Bills.

In a statement, the IBF said it had reviewed the Government of Ghana’s recent Ghana Domestic Debt Exchange and its impact on individual bondholders and collective schemes.

The technical committee found that while the impact may vary depending on individual portfolios, estimated losses ranged from 18.7% to 45.4%.

“Since the analysis was made on the entire eligible bonds portfolio based on a  Weighted Average Coupon Rate 19.225%, the impact may vary for each unique  individual portfolio. That notwithstanding, the evaluation estimated the loss of  value for the various categories of IBs as follows: 

  1. Category A – 33% 
  2. Category B – 18.7%  
  3. Category C – 45.4%  

“The estimated losses are compounded by the lower legal protections afforded  holders of the new bonds key among which is the blanket immunity from  execution and attachment of Diplomatic or Military assets, assets located in  Ghana and dedicated to public and government use which Government gains in  addition to assets under PRMA ACT815,” it posited. 

The IBF warned that the implications of this proposal pose a danger to the Ghanaian economy, which could experience a significant loss of loanable funds and severe social consequences due to the disproportionate allocation of the burden to reduce the size of government debts.

RelatedPosts

Deloitte: Premier League Clubs Exceed £3 Billion in Record Summer Spending

The Race to FIFA World Cup 2026: Who’s In, Who’s Close, Who’s Dreaming?

BoG Ups FX Forward Auction to $208m Amid Cedi Pressures

Furthermore, the IBF noted that the new bonds come with lower legal protections, including a blanket immunity from execution and attachment of assets dedicated to public and government use, which could negatively affect individual bondholders.

The IBF is urging individuals and collective investment schemes to hold onto their current bonds, in light of these concerns.

Find below the statement:

DDEP: Self-exempt, refrain from trading bonds – IBF to individual bondholders

DDEP: Self-exempt, refrain from trading bonds – IBF to individual bondholders

DDEP: Self-exempt, refrain from trading bonds – IBF to individual bondholders

Tags: DDE: Bondholders urged to self-exempt as estimated losses on bond value range from 18.7% to 45.4%
No Result
View All Result

Highlights

Headline Inflation Falls to 11.5% in August, Beating Gov’t’s 11.9% End-Year Target

GNCCI Urges Government to Stabilise Exchange Rate to Safeguard Growth

BoG’s New FX Rules Offer Short-Term Stability but Risk Repeating Nigeria, Kenya Mistakes if FX Controls Persist – Dr. Dumanya

Government Cuts Black Stars Budget by Over $732,000 for Upcoming World Cup Qualifiers Against Chad and Mali

Africa’s Road to the 2026 World Cup Heats Up As Qualifiers Resume Today

US Open: Alcaraz Advances to Semifinals; Sabalenka Set for Rematch with Pegula

Trending

Features

Deloitte: Premier League Clubs Exceed £3 Billion in Record Summer Spending

September 3, 2025

Deloitte: Premier League Clubs Exceed £3 Billion in Record Summer Spending Record spending of £3 billion ($4...

The Race to FIFA World Cup 2026: Who’s In, Who’s Close, Who’s Dreaming?

September 3, 2025

BoG Ups FX Forward Auction to $208m Amid Cedi Pressures

September 3, 2025

Headline Inflation Falls to 11.5% in August, Beating Gov’t’s 11.9% End-Year Target

September 3, 2025

GNCCI Urges Government to Stabilise Exchange Rate to Safeguard Growth

September 3, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.