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