{"id":365256,"date":"2017-10-26T06:20:35","date_gmt":"2017-10-26T06:20:35","guid":{"rendered":"http:\/\/citifmonline.com\/?p=365256"},"modified":"2017-10-26T06:20:35","modified_gmt":"2017-10-26T06:20:35","slug":"energy-bond-auctioning-extended","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2017\/10\/energy-bond-auctioning-extended\/","title":{"rendered":"Energy bond auctioning extended"},"content":{"rendered":"
The closing date for the auction of the energy bond has been extended to Friday, October 27, 2017.<\/p>\n
This is a day ahead of the initial scheduled date of Thursday, October 26, 2017.<\/p>\n
Subsequently, the issuing date for the bond has been rescheduled to November 1, 2017.<\/p>\n
This also is a day ahead of the former October 30, date.<\/p>\n
This was contained in a statement to investors and copied to\u00a0Citi Business News<\/strong>.<\/p>\n Citi Business News also understands that the decision followed requests by some investors.<\/p>\n These comprised large local and foreign ones who requested they needed an extra day considering the fact that the structure of the bond is not a direct Sovereign one.<\/p>\n Auction for the energy bond will be opened on Tuesday, October 24, 2017.<\/p>\n The 6 billion cedi bond to be issued in two bids is also done via a book building approach.<\/p>\n Meanwhile the Book Build Format is being conducted through local primary dealer.<\/p>\n Also, bids are accepted on a yield (%) basis\u00a0with all successful bids expected to clear at a single clearing level.<\/p>\n There is however going to be discretionary allocation at the single clearing level in the event of oversubscription.<\/p>\n –<\/p>\n By: Pius Amihere Eduku\/citibusinessnews.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":" The closing date for the auction of the energy bond has been extended to Friday, October 27, 2017. This is a day ahead of the initial scheduled date of Thursday, October 26, 2017. Subsequently, the issuing date for the bond has been rescheduled to November 1, 2017. This also is a day ahead of the […]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[121,32,171,170,11],"tags":[],"yoast_head":"\n