Government will on Monday November 30, 2015 issue a 5 year treasury bond.
[contextly_sidebar id=”E4wWb9PHUMlvv7Vuz9T3eEass1TAXSr9″]The move is in furtherance with Bank of Ghana’s issuance calendar for Government of Ghana securities for the half-year period between July and December 2015.
The instrument which will be Ghana Cedi-denominated will be issued at par and will be opened to both local and foreign investors.
Minimum bid will be 50 thousand cedis and multiples of one thousand cedis thereafter as each Bond shall have a face value of one Ghana Cedi.
The bond which will be listed on the Ghana Stock Exchange for secondary market trading, both at the floor of the Exchange or over the counter will be redeemed by the issuer, in five years in November 2020 which is the maturity date.
It is not clear how much the government is hoping to raise with this five year bond but all successful bids will clear at a single clearing level pro rata allocation.
By: Norvan Acquah – Hayford/citifmonline/Ghana