{"id":407229,"date":"2017-07-31T04:21:33","date_gmt":"2017-07-31T04:21:33","guid":{"rendered":"https:\/\/ghana-mma.com\/2017\/07\/31\/govt-gets-ghs1-5bn-from-sale-of-5-year-bond\/"},"modified":"2017-07-31T04:21:33","modified_gmt":"2017-07-31T04:21:33","slug":"govt-gets-ghs1-5bn-from-sale-of-5-year-bond","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2017\/07\/31\/govt-gets-ghs1-5bn-from-sale-of-5-year-bond\/","title":{"rendered":"Gov\u2019t gets GHS1.5bn from sale of 5-year bond"},"content":{"rendered":"<p><\/p>\n<div>\n<p>The government has successfully raised GHS1.49 billion through the sale of a five-year bond.<\/p>\n<p>The bond was oversubscribed by 12.86 per cent as bids totalled GHS1.71 billion.<\/p>\n<p>A report by Graphic Online said the bond was issued at a coupon rate of 8.25 per cent.<\/p>\n<p><!-- \/1002554\/Myjoyonline.com_InArticle_300x250 --><\/p>\n<p>The current rate is a slight improvement over the interest charged on the country&#8217;s maiden five-year bond, which was issued in January at a rate of 8.75 per cent.<\/p>\n<p>The rate is however within the pricing guideline of 17.25 per cent to 19 per cent that was issued ahead of the sale on July 28.<\/p>\n<p>It is understood that proceeds from the issue will be used to restructure maturing debts and fund some infrastructure projects announced in this year&#8217;s budget, among other capital investments.<\/p>\n<p>Stanbic Bank, Strategic Africa Securities (SAS) and Barclays were the joint book runners.<\/p>\n<p>The bond was offered to both resident and non-resident investors.<\/p>\n<p>It will be listed on the Ghana Stock Exchange (GSE), where it will be traded until 2022 when it will mature.<\/p>\n<\/div>\n<p>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a style=\"display:none\" rel=\"follow\" href=\"http:\/\/megatheme.ir\/\" title=\"\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633\">\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The government has successfully raised GHS1.49 billion through the sale of a five-year bond. The bond was oversubscribed by 12.86 per cent as bids totalled GHS1.71 billion. A report by Graphic Online said the bond was issued at a coupon rate of 8.25 per cent. The current rate is a slight improvement over the interest [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":407230,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-407229","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Gov\u2019t gets GHS1.5bn from sale of 5-year bond - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2017\/07\/31\/govt-gets-ghs1-5bn-from-sale-of-5-year-bond\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Gov\u2019t gets GHS1.5bn from sale of 5-year bond - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"The government has successfully raised GHS1.49 billion through the sale of a five-year bond. The bond was oversubscribed by 12.86 per cent as bids totalled GHS1.71 billion. A report by Graphic Online said the bond was issued at a coupon rate of 8.25 per cent. The current rate is a slight improvement over the interest [&hellip;]\" \/>\n<meta name=\"twitter:creator\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:site\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/07\\\/31\\\/govt-gets-ghs1-5bn-from-sale-of-5-year-bond\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/07\\\/31\\\/govt-gets-ghs1-5bn-from-sale-of-5-year-bond\\\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Gov\u2019t gets GHS1.5bn from sale of 5-year bond\",\"datePublished\":\"2017-07-31T04:21:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/07\\\/31\\\/govt-gets-ghs1-5bn-from-sale-of-5-year-bond\\\/\"},\"wordCount\":178,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/07\\\/31\\\/govt-gets-ghs1-5bn-from-sale-of-5-year-bond\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/07\\\/31\\\/govt-gets-ghs1-5bn-from-sale-of-5-year-bond\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/07\\\/31\\\/govt-gets-ghs1-5bn-from-sale-of-5-year-bond\\\/\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/07\\\/31\\\/govt-gets-ghs1-5bn-from-sale-of-5-year-bond\\\/\",\"name\":\"Gov\u2019t gets GHS1.5bn from sale of 5-year bond - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/07\\\/31\\\/govt-gets-ghs1-5bn-from-sale-of-5-year-bond\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/07\\\/31\\\/govt-gets-ghs1-5bn-from-sale-of-5-year-bond\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2017-07-31T04:21:33+00:00\",\"author\":{\"@id\":\"\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/07\\\/31\\\/govt-gets-ghs1-5bn-from-sale-of-5-year-bond\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/07\\\/31\\\/govt-gets-ghs1-5bn-from-sale-of-5-year-bond\\\/#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/#website\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/\",\"name\":\"Ghanamma.com\",\"description\":\"News In Ghana - Latest Ghana News Headlines\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Gov\u2019t gets GHS1.5bn from sale of 5-year bond - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2017\/07\/31\/govt-gets-ghs1-5bn-from-sale-of-5-year-bond\/","twitter_card":"summary_large_image","twitter_title":"Gov\u2019t gets GHS1.5bn from sale of 5-year bond - Ghanamma.com","twitter_description":"The government has successfully raised GHS1.49 billion through the sale of a five-year bond. The bond was oversubscribed by 12.86 per cent as bids totalled GHS1.71 billion. A report by Graphic Online said the bond was issued at a coupon rate of 8.25 per cent. 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