{"id":1020561,"date":"2022-03-13T14:22:15","date_gmt":"2022-03-13T14:22:15","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/03\/13\/ghana-pays-24-75-yield-on-five-year-domestic-bond\/"},"modified":"2022-03-13T14:22:15","modified_gmt":"2022-03-13T14:22:15","slug":"ghana-pays-24-75-yield-on-five-year-domestic-bond","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/03\/13\/ghana-pays-24-75-yield-on-five-year-domestic-bond\/","title":{"rendered":"Ghana pays 24.75% yield on five-year domestic bond"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2022\/03\/ghana-pays-24-75-yield-on-five-year-domestic-bond.jpg\" \/><\/p>\n<div style=\"font-size: 13px; margin: 15px 0; padding: 0px; border-bottom: #efefef 1px solid;\" readability=\"66\">\n<p>Ghana sold 746.4 million cedis ($193 million) of a new five-year domestic bond last Thursday at a yield of 24.75 per cent, the transaction arrangers said.<\/p>\n<p>According to <b><i>Reuters,<\/i><\/b> the bond, which was open to overseas investors, was offered for sale via a syndicate of banks, with proceeds earmarked to finance government programmes in the 2016 budget, said Barclays Bank Ghana, which arranged the deal alongside Stanbic Ghana and Strategic Africa Securities.<\/p>\n<p>Total bids tendered amounted to 776.4 million cedis.<\/p>\n<p>Ghana is seeking cheaper ways to finance government spending as it follows a three-year aid programme with the International Monetary Fund to remedy a high deficit, inflation above target and a widening public debt.<\/p>\n<p><!-- \/22191989129,1002554\/MGL\/mgl_ado_atunwa_300x250 --><\/p>\n<p>Thursday\u2019s bond sale mainly targeted institutional investors such as pension funds and unit trusts.<\/p>\n<p>Ghana first used the book-runners structure to borrow in November, eschewing a traditional auction, when it paid a yield of 24 per cent for a five-year bond.<\/p>\n<p>Interest rates are among the highest in the region, reflecting the country\u2019s fiscal challenges.<\/p>\n<p>The yield on Ghana\u2019s weekly benchmark 91-day treasury bill stood at 22.6069 per cent on February. 26.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ghana sold 746.4 million cedis ($193 million) of a new five-year domestic bond last Thursday at a yield of 24.75 per cent, the transaction arrangers said. According to Reuters, the bond, which was open to overseas investors, was offered for sale via a syndicate of banks, with proceeds earmarked to finance government programmes in the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1020562,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[5960,3309,5961,85,1776,4799],"class_list":["post-1020561","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-bond","tag-domestic","tag-fiveyear","tag-ghana","tag-pays","tag-yield"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1020561","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1020561"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1020561\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1020561"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1020561"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1020561"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}