Ghana sells 477.6 mln cedis ($101.6 mln) worth of 10-year bond

6/7/2018 7:17:48 PM

Will pay a coupon of 17.5%. 

Ghana sold 477.6 million cedis ($101.6 mln) worth of a fresh 10-year domestic currency bond on Thursday and will pay a yield of 17.5 percent, transaction arrangers said.

The issuance, open to foreign investors, attracted offers worth 523.2 million cedis, Barclays Bank Ghana said in an email to Reuters. Initial pricing guidance for the paper, which matures in May 2028, was set at 17.0 pecent to 17.75 percent. Settlement is slated for June 11.

Source: Reuters 

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