{"id":158194,"date":"2015-10-08T09:58:00","date_gmt":"2015-10-08T09:58:00","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=158194"},"modified":"2015-10-08T13:31:56","modified_gmt":"2015-10-08T13:31:56","slug":"world-bank-cash-helps-ghana-to-successfully-launch-its-4th-eurobond","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2015\/10\/world-bank-cash-helps-ghana-to-successfully-launch-its-4th-eurobond\/","title":{"rendered":"World Bank cash helps Ghana to successfully launch its 4th Eurobond"},"content":{"rendered":"
Ghana has finally succeeded in issuing its fourth Eurobond.<\/p>\n
[contextly_sidebar id=”DGBTLQedK5nrpozV3nfE0cmQYaJex8VY”]However it had to cut back on its initial figure to get a better rate for the bond<\/p>\n
Government initially announced it would issue a 1.5 billion dollar Eurobond but ended up taking \u00a01 billion dollars after getting 2 billion dollars from investors.<\/p>\n
It got a yield of 10 .7 percent as against the 11.5 percent investors demanded the week before.<\/p>\n
However at 10.75 percent, the yield on the bonds is still much higher than government\u2019s initial target of 8.5 percent and also higher than the previous one which had coupon rates of 8 and 8.5 percent for its two billion dollar- bond issued.<\/p>\n