The closing date for the auction of the energy bond has been extended to Friday, October 27, 2017.<\/p>\n
This is a day ahead of the initial scheduled date of Thursday, October 26, 2017.<\/p>\n
Subsequently, the issuing date for the bond has been rescheduled to November 1, 2017.<\/p>\n
This also is a day ahead of the former October 30, date.<\/p>\n
This was contained in a statement to investors and copied to\u00a0Citi Business News<\/strong>.<\/p>\n Citi Business News also understands that the decision followed requests by some investors.<\/p>\n These comprised large local and foreign ones who requested they needed an extra day considering the fact that the structure of the bond is not a direct Sovereign one.<\/p>\n Auction for the energy bond will be opened on Tuesday, October 24, 2017.<\/p>\n The 6 billion cedi bond to be issued in two bids is also done via a book building approach.<\/p>\n Meanwhile the Book Build Format is being conducted through local primary dealer.<\/p>\n Also, bids are accepted on a yield (%) basis\u00a0with all successful bids expected to clear at a single clearing level.<\/p>\n There is however going to be discretionary allocation at the single clearing level in the event of oversubscription.<\/p>\n –<\/p>\n By: Pius Amihere Eduku\/citibusinessnews.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":" The closing date for the auction of the energy bond has been extended to Friday, October 27, 2017. This is a day ahead of the initial scheduled date of Thursday, October 26, 2017. Subsequently, the issuing date for the bond has been rescheduled to November 1, 2017. This also is a day ahead of the […]<\/p>\n","protected":false},"author":14,"featured_media":0,"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":[121,32,171,170,11],"tags":[],"class_list":["post-365256","post","type-post","status-publish","format-standard","hentry","category-banking-and-finance","category-business","category-local-economy","category-oil-and-gas","category-top-stories"],"_links":{"self":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/365256","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=365256"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/365256\/revisions"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=365256"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=365256"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=365256"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}