{"id":266204,"date":"2016-11-08T07:32:59","date_gmt":"2016-11-08T07:32:59","guid":{"rendered":"http:\/\/citifmonline.com\/?p=266204"},"modified":"2016-11-08T07:32:59","modified_gmt":"2016-11-08T07:32:59","slug":"government-to-raise-gh%c2%a2200m-in-first-10-year-local-bond","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2016\/11\/government-to-raise-gh%c2%a2200m-in-first-10-year-local-bond\/","title":{"rendered":"Government to raise GH\u00a2200m in first 10 year local bond"},"content":{"rendered":"
Government will tomorrow [Wednesday, November 9, 2016] issue its first 10 year domestic bond as part of efforts to raise long term funds to support its capital expenditure.<\/p>\n
[contextly_sidebar id=”lCGefPcJUyWTD1nFMVqyK4UodBoN5VMf”]Government is seeking to raise about 200 million cedis from the bond.<\/p>\n
A statement on the issue said the deal will be opened to non-resident buyers, through a book-building transaction that will open tomorrow and close with final pricing on Thursday.<\/p>\n
It added, each bond shall have a face value of one Ghana cedi.<\/p>\n
Also, the minimum bid will be 50 thousand cedis and multiples of 1 thousand cedis thereafter.<\/p>\n
All successful bids will clear at a single clearing level Pro rata allocation.<\/p>\n
The lead arrangers for the issuance are Barclays Bank Ghana, Stanbic Ghana and Strategic African Securities.<\/p>\n
The issuance also forms part of government\u2019s revised calendar for August to December this year where it intends to raise 25.3 billion cedis.<\/p>\n
Of the amount, 23.8 billion cedis is expected to be used to rollover forecast maturities with the remaining amount of 1.4 billion cedis being fresh issuance to meet government\u2019s financing requirements.<\/p>\n
–<\/p>\n
By: Pius Amihere Eduku\/citibusinessnews.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"
Government will tomorrow [Wednesday, November 9, 2016] issue its first 10 year domestic bond as part of efforts to raise long term funds to support its capital expenditure. [contextly_sidebar id=”lCGefPcJUyWTD1nFMVqyK4UodBoN5VMf”]Government is seeking to raise about 200 million cedis from the bond. A statement on the issue said the deal will be opened to non-resident buyers, […]<\/p>\n","protected":false},"author":14,"featured_media":237779,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[121,32,171,11],"tags":[],"yoast_head":"\n