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Government’s 15 Year Callable Bond Issuance in March, 2017

ISSUER:                              Republic of Ghana

SIZE:                                  GHS [To Be Determined]

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

MATURITY:                      2032 (15-year issuance)

SECURITY:                         Senior Unsecured

PRINCIPAL REPAYMENT: Bullet

CALL At the Issuer’s discretion, this note is callable in the 5th, 6th, 7th, 8th, 9th or 10th year post issuance date

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


 

PRICING, BOOKBUILD AND ALLOCATION METHODOLOGY OFFER PERIOD

 

THURSDAY 30TH MARCH 2017: Release of Initial Pricing Guidance

 

FRIDAY 31ST MARCH 2017:Book-build opens 9:00AM :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

 

ISSUE METHODOLOGY

Book-build format

 

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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