Govt to issue 3 year domestic bond on Wednesday

pulse-ghana admin

May 30, 2017 4:53 PM

Government raises funds with bonds.

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A 3-year bond would be issued by government on Wednesday, May 31st, 2017 to raise funds for its operations.

However, the specifics for the funds to be raised is yet to be known.

Resident and non-resident investors would have access to the bonds through book building format to be issued by government.

READ ALSO:Gov’t in search of transaction advisor Books will close on short notice on Thursday, June 1st with final pricing and allocation while settlement is scheduled for Monday, 5th June, 2017.Although successful bids will clear at a single clearing level, there shall be discretionary allocation in the event of over subscription.

Each bond shall have a face value of one Ghana cedi with minimum bids valued at 50 thousand and multiples of 1 thousand cedi thereafter.The proceeds of the bond will be listed on the Ghana Stock Exchange.Barclays, Strategic African Securities and Stanbic will be the active bookrunners

pulse-ghana admin