{"id":433272,"date":"2017-11-02T02:05:38","date_gmt":"2017-11-02T02:05:38","guid":{"rendered":"https:\/\/ghana-mma.com\/2017\/11\/02\/ghana-extends-debut-energy-bond-sale-due-to-strong-interest-arrangers\/"},"modified":"2017-11-02T02:05:38","modified_gmt":"2017-11-02T02:05:38","slug":"ghana-extends-debut-energy-bond-sale-due-to-strong-interest-arrangers","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2017\/11\/02\/ghana-extends-debut-energy-bond-sale-due-to-strong-interest-arrangers\/","title":{"rendered":"Ghana extends debut energy bond sale due to strong interest &#8211; Arrangers"},"content":{"rendered":"<p><\/p>\n<div>\n<!-- Ends 3rd Nov 2017 --><\/p>\n<p><span style=\"font-family:garamond,serif\">Bids for an inaugural GH<\/span><span style=\"color:rgb(102, 102, 102); font-family:arial,sans-serif\">\u00a2<\/span><span style=\"font-family:garamond,serif\">6 billion energy bond being issued by Ghana will close on Friday, a day later than scheduled, due to high investor interest, transaction arrangers said on Thursday.<\/span><\/p>\n<p><span style=\"font-family:garamond,serif\">The government is issuing the bonds in seven-year and 10-year maturities as part of plans to raise GH<\/span><span style=\"color:rgb(102, 102, 102); font-family:arial,sans-serif\">\u00a2<\/span><span style=\"font-family:garamond,serif\">10 billion to settle debts owed by state power utilities to banks and bulk oil distributors.<\/span><\/p>\n<p><span style=\"font-family:garamond,serif\">The paper, for which bids opened on Tuesday, differs from standard sovereign issues by being backed by ESLA, a government-sponsored vehicle set up to raise fresh funds to clear the debt.<\/span><\/p>\n<p><!-- \/1002554\/Myjoyonline.com_InArticle_300x250 --><\/p>\n<p><span style=\"font-family:garamond,serif\">Initial pricing guidance for the seven-year tranche was 17.7 percent to 19.0 percent while the 10-year was pegged at 17.8 percent to 19.5 percent.<\/span><\/p>\n<p><span style=\"font-family:garamond,serif\">\u201cThe book-building has been extended to accommodate enquiries by both local and offshore investors who are showing keen interest in the transaction,\u201d co-arranger Fidelity Bank told Reuters.<\/span><\/p>\n<p><span style=\"font-family:garamond,serif\">Settlement of the bonds has also been shifted, to Wednesday from Monday, to allow investors enough time to process payments after pricing on Friday, it said.<\/span><\/p>\n<p><span style=\"font-family:garamond,serif\">Ghana named Standard Chartered Bank and local lender Fidelity as lead managers for the bond in June.<\/span><\/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>Bids for an inaugural GH\u00a26 billion energy bond being issued by Ghana will close on Friday, a day later than scheduled, due to high investor interest, transaction arrangers said on Thursday. The government is issuing the bonds in seven-year and 10-year maturities as part of plans to raise GH\u00a210 billion to settle debts owed by [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":433273,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-433272","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>Ghana extends debut energy bond sale due to strong interest - Arrangers - 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\/11\/02\/ghana-extends-debut-energy-bond-sale-due-to-strong-interest-arrangers\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Ghana extends debut energy bond sale due to strong interest - Arrangers - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"Bids for an inaugural GH\u00a26 billion energy bond being issued by Ghana will close on Friday, a day later than scheduled, due to high investor interest, transaction arrangers said on Thursday. 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