{"id":258998,"date":"2016-10-17T10:15:15","date_gmt":"2016-10-17T10:15:15","guid":{"rendered":"http:\/\/citifmonline.com\/?p=258998"},"modified":"2016-10-17T10:15:15","modified_gmt":"2016-10-17T10:15:15","slug":"better-incentives-influenced-success-of-local-dollar-bond-economist","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2016\/10\/better-incentives-influenced-success-of-local-dollar-bond-economist\/","title":{"rendered":"Better incentives influenced success of local dollar bond- Economist \u00a0"},"content":{"rendered":"
Economist, Dr. Eric Osei-Assibey has attributed the successful issuance of the country\u2019s first local dollar denominated bond to better incentives it provides to investors.<\/p>\n
Government last week raised a total of 94.6 million dollars at a rate of 6.0 percent with a maturity term of two years.<\/p>\n
Even though government targeted 50 million dollars, total bids were 99.6 million dollars while government accepted 94.6 million dollars.<\/p>\n
Speaking to Citi Business News<\/strong>, to explain some factors that may have urged investors to heavily participate in the bond, Dr. Osei-Assibey was of the view that the bond provided better incentives for inventors with dollar accounts in the country.<\/p>\n