Ghana left with 200 USD to offset 2007 Eurobond – Terkper
The 750 million dollar Eurobond which matures next year was Ghana’s first ever Eurobond issued at par to yield of 8.5 percent.
At a press conference in Accra Terkper said the strategy adopted by the country in refinancing the bond has helped provide some financial space for government’s fiscal policies.
Terkper said the Sinking Fund that they set up has helped in refinancing the Eurobond. The Sinking Fund, that will allocate some funds to refinance the bond.
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He added that this move has given government an opportunity to still have some cash in the fund to buy back anytime investors want to trade their shares in the bond.
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