{"id":336245,"date":"2017-07-13T15:09:30","date_gmt":"2017-07-13T15:09:30","guid":{"rendered":"http:\/\/citifmonline.com\/?p=336245"},"modified":"2017-07-13T15:09:30","modified_gmt":"2017-07-13T15:09:30","slug":"govt-to-raise-gh%c2%a217-4-bn-in-third-quarter","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2017\/07\/govt-to-raise-gh%c2%a217-4-bn-in-third-quarter\/","title":{"rendered":"Govt to raise GH\u00a217.4 bn in third quarter"},"content":{"rendered":"<p>Government is seeking to raise 17.4 billion cedis in the third quarter of this year from the securities market.<\/p>\n<p>The cash accrued will be used to rollover maturities as well as to take care of government financing requirement.<\/p>\n<p>A statement from the Bank of Ghana stated that about 14 million cedis of the total will be used to rollover maturities and the remaining GH\u00a23.2 billion as fresh issuance to meet government\u2019s financing requirement.<\/p>\n<p>During the three month period, July to September, a 2.6 billion cedi fifteen year bond will be issued in August and two five year bonds, one to be issued at July and the other in August.<\/p>\n<p>Two 3 year bonds, three 1 year and two 2 year bonds will also be issued.<\/p>\n<p>The rest will be 91 and 182 day bills which will culminate into about 11 billion cedis.<\/p>\n<p>The 91-day and 182-day will be issued weekly while the 1-Year Note will be issued bi-weekly through the primary auction, with settlement occurring on first and third Mondays of each month.<\/p>\n<p>The 2 year note will be issued monthly through the primary auction, with settlement occurring on the second Mondays of each month.<\/p>\n<p>The 3 and 5 year bonds will be issued through the book building method and settlement on the last Monday of each month.<\/p>\n<p>However, the 3-Year target in July, 2017 will be issued through reopening of the 3-Year Bond (coupon of 18.50%) maturing 1st June, 2020.<\/p>\n<p>The 15 year fixed bond in August this year will be structured bond to covert the existing 91 day treasury bills investment by the National Pensions Regulatory Authority (NPRA).<\/p>\n<p>&#8211;<\/p>\n<p>By: Vivian Kai Lokko\/citibusinessnews.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Government is seeking to raise 17.4 billion cedis in the third quarter of this year from the securities market. The cash accrued will be used to rollover maturities as well as to take care of government financing requirement. A statement from the Bank of Ghana stated that about 14 million cedis of the total will [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[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>Govt to raise GH\u00a217.4 bn in third quarter - Citi 97.3 FM - Relevant Radio. Always<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/citifmonline.com\/2017\/07\/govt-to-raise-gh\u00a217-4-bn-in-third-quarter\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Govt to raise GH\u00a217.4 bn in third quarter - Citi 97.3 FM - Relevant Radio. Always\" \/>\n<meta property=\"og:description\" content=\"Government is seeking to raise 17.4 billion cedis in the third quarter of this year from the securities market. The cash accrued will be used to rollover maturities as well as to take care of government financing requirement. 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