The Joint Bookrunners, Barclays Bank Ghana, Strategic African Securities and Stanbic Bank Ghana, are pleased to announce the Initial Pricing Guidance (“IPG”) of 18.00% - 19.00% for this week’s 10-Year Republic of Ghana GHS denominated Treasury Bond Issuance. The issuance size is TBD. The book-build will open on Wednesday, 9th November 2016 at 9:00AM and close on Thursday, 10th November 2016. Book, timing updates and revisions to the IPG (based on the book of demand) will be sent to the market as necessary.
Monday 17th October, 2016. Government on October 13, 2016 successfully issued a US Dollar denominated bond on the domestic bond market. The 2-year bond, which was highly subscribed yielded an amount of US$94.64 million at a coupon rate of 6 percent, consistent with the initial price range of between 5.5 percent and 6.5 percent.
2. On settlement, this 2-year bond becomes one of our country’s lowest yield bonds aside the 2017s which are currently trading at about 5.45 percent and maturing in less than a year.
3. The offer, which was open to resident investors only, attracted a total of 26 bids with a face value of US$99.64 million.