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Ghana Issues USD Bond

Ghana Issues USD BondGhana Issues USD Bond

The Ghana government has successfully issued a US dollar denominated bond on the domestic bond market, GhanaWeb reported. The 2-year bond issued last Thursday was highly subscribed to an amount of $94.64 million at a coupon rate of 6%, which is consistent with the initial price range of between 5.5% and 6.5%. On settlement, this 2-year bond becomes one of the country’s lowest yield bonds aside the 2017s which are currently trading at about 5.45% and maturing in less than a year. The offer, which was open to resident investors only, attracted a total of 26 bids with a face value of $99.64 million.

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