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