The Government of Ghana (GoG), on Thursday, raised an amount of US$94.64 million in a two-year Euro Bond, which was highly subscribed.
The successful issuance of the bond would go a long way to boost government’s medium term debt management strategy, which, among other things, is focusing on minimising and/or replacing expensive shorter dated instruments with longer dated issuances.
A press release, dated October 17, 2016, and signed by Larry George Botchway, Assistant Information Officer of the Public Relations Unit of the Ministry of Finance, said the issuance of the bond would serve as a positive boost to the development of our domestic debt market, by introducing a new investment instrument for institutional and individual investors.
Read the full details of the press release below:
Government on October 13, 2016 successfully issued a US Dollar denominated bond on the domestic bond market. The 2-year bond, which was highly subscribed, yielded an amount of US$94.64 million at a coupon rate of 6 percent, consistent with the initial price range of between 5.5 percent and 6.5 percent.
ISSUED BY THE PUBLIC RELATIONS UNIT
A Freelance Journalist, Entrepreneur and Philanthropist. Editor-in-Chief of www.233times.com. A contributory writer for Ghanaian Chronicle Newspaper. An alumnus of Adisadel College where he read General Arts. He holds first degree in Bachelor of Arts from the University of Ghana; Political Science (major) and History (minor). He has also pursued MSc Corporate Social Responsibility (CSR) and Energy with Public Relations (PR) at the Robert Gordon University in the United Kingdom. His mentors are Rupert Murdoch, Warren Buffet, Sam Jonah, Kwaku Sakyi Addo and Piers Morganview all posts by: Nana Kwesi Coomson
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