domestic bond
Cedis

Ghana raised 809.89 million Ghana cedis (182.6 million U.S. dollars) in a seven-year domestic treasury bond issue on Thursday, the book builders said.

The amount is to support the government’s budget implementation for 2018.

Business24

The government plans to raise 11.32 billion cedis (2.55 billion dollars) during the second quarter of the year to roll over some maturing debts and support financing requirements.

There was a total of 824.89 million cedis (185.99 million dollars) on offer, but the government received 809.89 million cedis at a yield of 16.25 percent.

The book builders of the bond issuance include Barclays Bank Ghana, Data Bank, Fidelity Bank, Stanbic Bank and IC Securities. They gave a price guidance of between 15.75 percent and 16.25 percent, with the government clearing at the higher end.

Ghana’s public sector debts grew to 32.2 billion dollars, or 69.8 percent of gross domestic product (GDP), as of Dec. 31, according to central bank data. Enditem

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