hunting for eurobonds
hunting for eurobonds

The Government of Ghana completed its sale of three-year domestic capital market bond here late Thursday, raking in 218.14 million U.S. dollars, according to a statement from the arrangers.

hunting for eurobonds
hunting for eurobonds
The bond, which is part of the projected 4.1 billion U.S. dollars to be raised by the central bank on behalf of the government over the first quarter of 2017, closed late Thursday at a coupon rate of 21.50 percent with an initial guidance rate of between 19.00 percent and 22.00 percent.

This is Ghana’s second domestic bond since new president Nana Akufo-Addo took power on January 7, with a debt to GDP ratio a bit above 70 percent.

Using the book-building approach led by Barclays, Strategic African Securities (SAS) and Stanbic Bank, local subsidiary of Standard Bank of South Africa, part of the funds will be used in restructuring maturing short-term debts. Enditem

Source: Xinhua/NewsGhana.com.gh

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