{"id":58995,"date":"2014-10-23T18:04:34","date_gmt":"2014-10-23T18:04:34","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=58995"},"modified":"2014-10-23T18:04:34","modified_gmt":"2014-10-23T18:04:34","slug":"government-lists-3rd-eurobond","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/?p=58995","title":{"rendered":"Government lists 3rd Eurobond"},"content":{"rendered":"<p id=\"yui_3_16_0_1_1414045726166_192472\" class=\"yiv9739471012MsoNormal\"><span id=\"yui_3_16_0_1_1414045726166_192471\">Government has officially listed its third Eurobond on the Ghana Stock Exchange. <\/span><\/p>\n<p class=\"yiv9739471012MsoNormal\"><span id=\"yui_3_16_0_1_1414045726166_192471\">The Eurobond was issued on the 11th of September 2014 to raise an amount of 1 billion US dollars.<\/span><\/p>\n<p id=\"yui_3_16_0_1_1414045726166_192394\" class=\"yiv9739471012MsoNormal\"><span id=\"yui_3_16_0_1_1414045726166_192401\">[contextly_sidebar id=&#8221;rw0HpZNJnNYOEowRF37bCKwRe7I1MMPu&#8221;]The Eurobond which attracted a coupon rate of 8.125% will primarily be used to fund capital projects in the budget.<\/span><\/p>\n<p id=\"yui_3_16_0_1_1414045726166_192399\" class=\"yiv9739471012MsoNormal\"><span id=\"yui_3_16_0_1_1414045726166_192398\">250 million dollars of the 1 billion dollars will be seed capital for the Ghana Infrastructure Investment Fund\u00a0while 750 million dollars will be used for capital expenditures, refinancing and counterpart funding requirements.<\/span><\/p>\n<p id=\"yui_3_16_0_1_1414045726166_192524\" class=\"yiv9739471012MsoNormal\"><span id=\"yui_3_16_0_1_1414045726166_192523\">The listing will be the second after last year\u2019s Eurobond was listed on the bourse in September 2013.\u00a0<\/span><\/p>\n<p>The International Monetary Fund (IMF) talks with Ghana on a bailout programme, the recent Eurobond issue and the cocoa syndicated loan has caused international rating agency Fitch, to affirm Ghana\u2019s rating at \u2018B\u2019.<\/p>\n<p>In March 2014,<span style=\"color: #666699;\"> <strong><a style=\"color: #666699;\" href=\"http:\/\/4cd.e16.myftpupload.com\/2014\/03\/28\/fitch-revises-ghanas-outlook-to-negative\/\" target=\"_blank\">Fitch downgraded from \u2018B+\u2019 to \u2018B\u2019<\/a><\/strong><\/span>, Ghana\u2019s outlook on long-term foreign and local currency Issuer Default Ratings (IDR).<\/p>\n<p>&#8211;<\/p>\n<p>By: Anim Kwaku Boadu\/citifmonline.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Government has officially listed its third Eurobond on the Ghana Stock Exchange. The Eurobond was issued on the 11th of September 2014 to raise an amount of 1 billion US dollars. [contextly_sidebar id=&#8221;rw0HpZNJnNYOEowRF37bCKwRe7I1MMPu&#8221;]The Eurobond which attracted a coupon rate of 8.125% will primarily be used to fund capital projects in the budget. 250 million dollars [&hellip;]<\/p>\n","protected":false},"author":25,"featured_media":8876,"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":[],"tags":[21,4],"class_list":["post-58995","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-psychiatric","tag-st-augustines-college"],"_links":{"self":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/58995","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\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=58995"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/58995\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/media\/8876"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=58995"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=58995"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=58995"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}