Government will tomorrow [Wednesday, November 9, 2016] issue its first 10 year domestic bond as part of efforts to raise long term funds to support its capital expenditure.<\/p>\n
[contextly_sidebar id=”lCGefPcJUyWTD1nFMVqyK4UodBoN5VMf”]Government is seeking to raise about 200 million cedis from the bond.<\/p>\n
A statement on the issue said the deal will be opened to non-resident buyers, through a book-building transaction that will open tomorrow and close with final pricing on Thursday.<\/p>\n
It added, each bond shall have a face value of one Ghana cedi.<\/p>\n
Also, the minimum bid will be 50 thousand cedis and multiples of 1 thousand cedis thereafter.<\/p>\n
All successful bids will clear at a single clearing level Pro rata allocation.<\/p>\n
The lead arrangers for the issuance are Barclays Bank Ghana, Stanbic Ghana and Strategic African Securities.<\/p>\n
The issuance also forms part of government\u2019s revised calendar for August to December this year where it intends to raise 25.3 billion cedis.<\/p>\n
Of the amount, 23.8 billion cedis is expected to be used to rollover forecast maturities with the remaining amount of 1.4 billion cedis being fresh issuance to meet government\u2019s financing requirements.<\/p>\n
–<\/p>\n
By: Pius Amihere Eduku\/citibusinessnews.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"
Government will tomorrow [Wednesday, November 9, 2016] issue its first 10 year domestic bond as part of efforts to raise long term funds to support its capital expenditure. [contextly_sidebar id=”lCGefPcJUyWTD1nFMVqyK4UodBoN5VMf”]Government is seeking to raise about 200 million cedis from the bond. A statement on the issue said the deal will be opened to non-resident buyers, […]<\/p>\n","protected":false},"author":14,"featured_media":237779,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[121,32,171,11],"tags":[],"class_list":["post-266204","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking-and-finance","category-business","category-local-economy","category-top-stories"],"_links":{"self":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/266204","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=266204"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/266204\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/media\/237779"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=266204"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=266204"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=266204"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}