The Energy Support Levy Act (ESLA) has announced to holders of ESLA 2024, 2027 and 2029 bonds, the transfer of a total of GHS581.3 million from the Debt Service Account (DSRA) Bank to the Paying Bank.

Approximately, GHS214.8 million and GHS267.1 million, representing net interest and withholding statement amount due to Tranche E1 and E2 bondholders, respectively, have been transferred from the DSRA Bank to the Paying Bank.

According to a statement from ESLA Plc, an amount of approximately GHS99.250 million has also been transferred from the DSRA Bank to the Paying Bank.

This is in accordance with the terns of the Bond Prospectus which states that disbursements for repayments will be made from the DSRA by the DSRA Bank to the trust account of the paying bank from the 90th calendar before any interest Payment Date.

The statement emphasised that ESLA collections in 2020 received in the ESLA Receivables Account towards servicing the bond programme amounts to GHS 443.6 million as at March 2020.

The board and management of ESLA added that it will continue to keep bondholders updated on all upcoming coupon payments by ESLA plc.

Since its inception, ESLA Plc has issued bonds worth GHS6.664 billion.

This resulted from issuances in November 2017 (7-year tranche E1 and 10-year tranche E2), January 2018 (tap of 10-year tranche E2-B), August 2018 (tap of 10-year tranche E2-C) and June 2019 (10-year tranche E3), August (tap of 10-year tranche E2-C) and June 2019 (10-year tranche E3).