Tag: Bonds
FirstRand Writes-off 57% Of Ghana Bonds Value Amid Debt Restructuring
FirstRand Limited, Africa’s biggest bank by market capitalization, has written off more than half the value of its holdings of Ghanaian bonds as the country grapples with a restructuring of its sovereign debt. The South African lender disclosed in a statement on Thursday, March 2, 2023. The bank said it had impaired $27.3 million to …
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