Ken Ofori-Atta - Minister Patrick Nomo - Chief Director Sampson Fianko - Ag. Director of Budget Azu Sam-Aziakor - Director, General Administration MoF Main Building
Inflation
December  2016
15.40%
GHANA PRICES FIFTH EUROBOND

Ghana has priced and will issue its fifth Eurobond of US$750 million at a 9.25% yield. The bond was oversubscribed, with orders exceeding US$4 billion compared to a target issuance size of US$ 750 million. This represents an oversubscription of more than five times indicating the high appetite for Ghana’s credit.
 
The bond is a back-end amortizing maturity with a weighted average tenor of 5 years. The principal will be expected to be repaid in three installments of US$250 million in September 2020, September 2021 and September 2022. Like the four previous issues, this year’s bond attracted investors from the United Kingdom, Europe, the United States, Middle East and Asia. 

 

STATEMENT BY THE HON. MINISTER FOR FINANCE - NEW EUROBOND ISSUE AND TENDER OFFER ANNOUNCEMENT

Thursday 8th September, 2016  Following from our prior roadshow in August 2016, when we indicated that we would continue to monitor markets with a view to a potential new Eurobond issue and our subsequent completion in early August 2016 of a ~US$100 million tender offer in respect of Ghana’s Eurobonds due 2017, we have today announced a prospective new Eurobond issue and any and all tender offer in respect of the outstanding Eurobonds due 2017.

 

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