Tag: 2020 Eurobond
-
Be efficient in using Eurobond proceeds to attract better rates – Lord Mensah urges gov’t
Financial Economist and Senior Lecturer at the University of Ghana Business School, Dr. Lord Mensah, has called on government to judiciously invest proceeds from the recently issued US$3 billion Eurobond, to ensure that the country attracts lower coupon rates in subsequent Eurobond issues. According to him, investors are likely to accept lower rates in the…
-
Moody’s rating influenced coupon rates for US$3billion Eurobond – Lord Mensah
The government’s successful issuance of a US$3 billion Eurobond in three installments has been partly attributed to the recent improvement in Ghana’s ratings from a stable outlook to positive by international rating agency, Moody’s. Moody’s based its rating on what it calls rising confidence in Ghana’s institutions which are expected to lead to stability in…
-
Gov’t secures US$3 billion Eurobond at cheaper rates
A delegation led by the Finance Minister Ken Ofori-Atta on Tuesday, February 4, 2020, completed the issuance of a US$3 billion Eurobond in three installments with interest rates better than what was realized in similar bonds issued last year. The three-tranche bond was sold with 7-year, 14-year, and 41-year maturities. A member of the delegation…
-
Ghana set to issue longest ever Eurobond at 41-years
The government’s planned US$3 billion Eurobond will be done in three tranches at three different maturity periods with the longest being a 41-year bond. The 41-year bond thus becomes the longest-dated bond ever issued by an African country trumping the 31-year bond the government issued at its last Eurobond appearance in 2019. In addition to…
-
Ghana to accept bids for US$3 billion Eurobond today
Ghana will today, Tuesday, February 4, accept bids from investors for its US$3 billion Eurobond after the successful completion of a week-long roadshow in Europe and the United States. A government delegation led by the Finance Minister, Ken Ofori-Atta, brought their roadshow, which had seen them interact with investors from Europe and North America, to…
-
Coupon rate for 2020 Eurobond must be within 8 percent – Prof. Assibey
Economist, Prof. Eric Osei Assibey, has suggested that government must work to attract an interest rate within the region of eight percent for its Eurobond expected to be issued later this week. His comment comes ahead of the start of the 2020 Eurobond roadshow to engage potential investors. A government delegation led by the Minister…