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Government’s 7-Year Bond Issuance in March, 2017

ISSUER:                              

Republic of Ghana

SIZE:                                  

GHS [To Be Determined]

ISSUE:                               

Treasury Bonds (the "Notes", "Bonds")

MATURITY:                      

2024 (7-year issuance)

SECURITY:                         

Senior Unsecured

PRINCIPAL REPAYMENT:

Bullet

CALL

Not Applicable

DISTRIBUTION

Marketed to Resident Investors/Open to Non-Resident Investors

DENOMINATIONS:              

Each Bond shall have a face value of One Ghana Cedi

MINIMUM BID

GHS50 Thousand and multiples of GHS1 Thousand thereafter

GOVERNING LAW:              

Ghana

LISTING:                             

Ghana Stock Exchange (GSE)

ACTIVE JOINT BOOKRUNNERS:        

Barclays, SAS, Stanbic

 

 

OFFER PERIOD

 

THURSDAY 30TH MARCH 2017

Release of Initial Pricing Guidance                                           

 

Book-build opens 9:00AM

FRIDAY 31ST MARCH 2017

Revised Pricing Guidance (released as necessary during the Book-build)

FRIDAY 31ST MARCH 2017

Revised and Final Pricing Guidance (released as necessary during the Book-build)
Books to close on short notice on Friday p.m.
Final Pricing and Allocation

MONDAY 3RD APRIL 2017

Settlement/Issue Date                                                    

 

Book-build format

ISSUE METHODOLOGY

Bids accepted on a yield (%) basis                                                                                                                       

 

All successful bids will clear at a single clearing level      

 

Discretionary allocation at the single clearing level in event of over-subscription

 

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