The Bank of Ghana (BoG) is inviting bids for the issuance of a GH\u00a2 630 million government of Ghana 3-year fixed rate bond on February 19.<\/p>\n
[contextly_sidebar id=”3ZugjD2Yku3QwlrcmmfCoDV27w0D0qE9″]According to the prospectus, the purpose of the bond is to rollover maturities, restructure government debt and also for liquidity management.<\/p>\n
The 3-year Fixed Rate Bond shall be available to both resident and non-resident investors.<\/p>\n
The minimum bid is GH\u00a2 50,000 and multiples of GH\u00a2 1,000 thereafter and the coupon rate will be determined at the auction.<\/p>\n
As part of the terms, interest payment will be done semi-annually from the issue date, in August and February.<\/p>\n
The amount of interest paid on every coupon payment date shall be equal to the principal amount at the coupon rate for half-year.<\/p>\n
The security shall be listed on the Ghana Stock Exchange (GSE) for secondary market trading both at the floor of the Exchange or over the counter (OTC).<\/p>\n
Trading in the securities is subject to the listing rules of the GSE for Government Securities.<\/p>\n
The prospectus was signed by the Bank of Ghana Secretary, Mrs. Caroline Otoo.<\/p>\n
<\/p>\n
By: Rabiu Alhassan\/citifmonline.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"
The Bank of Ghana (BoG) is inviting bids for the issuance of a GH\u00a2 630 million government of Ghana 3-year fixed rate bond on February 19. [contextly_sidebar id=”3ZugjD2Yku3QwlrcmmfCoDV27w0D0qE9″]According to the prospectus, the purpose of the bond is to rollover maturities, restructure government debt and also for liquidity management. The 3-year Fixed Rate Bond shall be […]<\/p>\n","protected":false},"author":5,"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":[19],"tags":[4],"class_list":["post-86868","post","type-post","status-publish","format-standard","hentry","category-health","tag-st-augustines-college"],"_links":{"self":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/86868","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\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=86868"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/86868\/revisions"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=86868"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=86868"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=86868"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}