{"id":366565,"date":"2017-10-30T06:00:43","date_gmt":"2017-10-30T06:00:43","guid":{"rendered":"http:\/\/citifmonline.com\/?p=366565"},"modified":"2017-10-30T06:00:43","modified_gmt":"2017-10-30T06:00:43","slug":"govt-fails-to-raise-6b-cedis-for-energy-bond","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2017\/10\/govt-fails-to-raise-6b-cedis-for-energy-bond\/","title":{"rendered":"Govt fails to raise 6b cedis for energy bond"},"content":{"rendered":"
Government failed to raise the 6 billion cedis for the energy bond it issued last week.<\/p>\n
Government was able to raise 3.4 billion cedis as at Friday, October 27, 2017.<\/p>\n
As a result, the managers of the bond have announced an extension of the auction for the 10 year bond by one more week.<\/p>\n
The 3.4 billion cedis so far raised, represents about 57 percent of the 6 billion cedis needed.<\/p>\n
But it is worth noting that, more than seventy percent or 2.5 billion cedis of the amount, was realized from the 7-year bond issued.<\/p>\n
The 10 year bond, attracted 902 million cedis, far less than the 3.6 billion cedis target.<\/p>\n