Ghana to issue 5- year domestic bond

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February 29, 2016 2:10 PM

The bonds are expected to be issued by the Bank of Ghana on behalf of government and would be listed on the Ghana Stock Exchange.

Minister of Finance, Seth Terkper

The Ministry of finance has announced plans to issue 5 year cedi denominated bonds on March 8.

The treasury bonds would be opened to both resident and non resident investors.

Each Bond shall have a face value of one Ghana Cedi, with a minimum bid of 50 thousand cedis and multiples of 1 thousand cedis thereafter.

The Active Joint Book runners include Barclays Bank, Strategic African Securities and Stanbic bank. The Issue Methodology for the bonds to be issued next month would be the Book-build format with bids to be accepted on a yield basis.

According to the statement from the finance ministry all successful bids will clear at a single clearing levelpro rata allocation. aggregate amounts to be raised by the ministry's issuance calendar for the 1st half of 2016 would be in excess of 30 billion cedis.

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