{"id":288944,"date":"2017-01-27T21:13:56","date_gmt":"2017-01-27T21:13:56","guid":{"rendered":"http:\/\/citifmonline.com\/?p=288944"},"modified":"2017-01-27T21:13:56","modified_gmt":"2017-01-27T21:13:56","slug":"ghana-to-pay-18-75-interest-on-first-5-year-bond-in-2017","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2017\/01\/ghana-to-pay-18-75-interest-on-first-5-year-bond-in-2017\/","title":{"rendered":"Ghana to pay 18.75 % interest on first 5 year bond in 2017"},"content":{"rendered":"<p>Ghana accepted 369.47 million cedis ($84.7 million) worth of bids for the country\u2019s first five-year domestic bond issued on Thursday, January 26, 2017.<\/p>\n<p><strong>[contextly_sidebar id=&#8221;dyQKS9Rz6JOJyXCEqQMYbQIF6gDNrWk2&#8243;]Citi Business News<\/strong> understands total bids subscribed amounted to 420.14 million cedis.<\/p>\n<p>The rate for the bond is 18.75 percent.<\/p>\n<p>The cash will be used rollover forecast maturities, meet government\u2019s financing requirements and build buffers for liability management.<\/p>\n<p>Participation was open to both resident and foreign investors.<\/p>\n<p>The five year bond forms part of the government\u2019s 17.4 billion cedis ($4.1 billion) worth of domestic instruments to be issued between January and March.<\/p>\n<p>Lead brokers for the issue were Barclays Bank Ghana, Stanbic Ghana and Strategic African Securities.<\/p>\n<p>The issue was conducted by the book building method on the Ghana Stock Exchange.<\/p>\n<p>Government is expected to issue a 700 million cedi 3 year bond in February 2017.<\/p>\n<p>&#8211;<\/p>\n<p>By: Pius Amihere Eduku\/citibusinessnews.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ghana accepted 369.47 million cedis ($84.7 million) worth of bids for the country\u2019s first five-year domestic bond issued on Thursday, January 26, 2017. [contextly_sidebar id=&#8221;dyQKS9Rz6JOJyXCEqQMYbQIF6gDNrWk2&#8243;]Citi Business News understands total bids subscribed amounted to 420.14 million cedis. The rate for the bond is 18.75 percent. The cash will be used rollover forecast maturities, meet government\u2019s financing [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[121,32,171,11],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ghana to pay 18.75 % interest on first 5 year bond in 2017 - Citi 97.3 FM - Relevant Radio. 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