{"id":1211975,"date":"2022-09-27T16:18:37","date_gmt":"2022-09-27T16:18:37","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/09\/27\/government-to-face-complicated-refinance-options-repaying-maturing-treasury-bills\/"},"modified":"2022-09-27T16:18:37","modified_gmt":"2022-09-27T16:18:37","slug":"government-to-face-complicated-refinance-options-repaying-maturing-treasury-bills","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/09\/27\/government-to-face-complicated-refinance-options-repaying-maturing-treasury-bills\/","title":{"rendered":"Government To Face Complicated Refinance Options Repaying Maturing Treasury Bills"},"content":{"rendered":"<p><\/p>\n<div>\n<article>\n<p><img decoding=\"async\" src=\"http:\/\/www.ghanamma.com\/wp-content\/uploads\/2022\/09\/b3cc16fda5fa4b41aec8b434ace29218\"\/><\/p>\n<p><span style=\"background-color: transparent; color: rgb(0, 0, 0);\">The government may have to choose from a number of challenging refinancing options to pay for Treasury bills that will mature in October 2022.<\/span><\/p>\n<p><span style=\"background-color: transparent; color: rgb(0, 0, 0);\">A refinancing offer on October 3, 2022, may not get much traction due to the anticipated domestic debt restructuring, claims Databank Research&#8217;s Weekly Fixed Income Update.<\/span><\/p>\n<p><span style=\"background-color: transparent; color: rgb(0, 0, 0);\">Therefore, it made the point that the government will probably add the Bank of Ghana&#8217;s support to any refinancing plan in order to obtain more advantageous refinancing choices.<\/span><\/p>\n<p><span style=\"background-color: transparent; color: rgb(0, 0, 0);\">The government is anticipated to refinance total maturities of $786.6 million by offering $905 million over the 91-day to 182-day bills.<\/span><\/p>\n<p><span style=\"background-color: transparent; color: rgb(0, 0, 0);\">Treasury fell short of its goal for the first time in 15 weeks.<\/span><\/p>\n<p><span style=\"background-color: transparent; color: rgb(0, 0, 0);\">For the first time in 15 weeks, the Ghanaian Treasury fell short of its auction goal during last week&#8217;s (September 23, 2022) T-bill sale.<\/span><\/p>\n<p><span style=\"background-color: transparent; color: rgb(0, 0, 0);\">The low number of bids, which made up 89.59% of the auction objective in total, was largely to blame for the low uptake.<\/span><\/p>\n<p><span style=\"background-color: transparent; color: rgb(0, 0, 0);\">The current weighted average yields for T-bills are 30.18% for 91-day tenors, 31.34% for 182-day tenors, and 30.47% for 364-day tenors.<\/span><\/p>\n<p><span style=\"background-color: transparent; color: rgb(0, 0, 0);\">Investors should continue to be interested in upcoming maturities<\/span><\/p>\n<p><span style=\"background-color: transparent; color: rgb(0, 0, 0);\">Investor interest in short-term maturities in the secondary market will remain strong in the meantime on the bond market.<\/span><\/p>\n<p><span style=\"background-color: transparent; color: rgb(0, 0, 0);\">\u201cWe expect investors to focus on T-bills in the primary market. Investors may also be on the lookout for a bond offering to refinance the maturing paper on October 3, 22. We expect investors to maintain interest in near-term maturities in the secondary market\u201d.<\/span><\/p>\n<p>Content created and supplied by: Kritiq (via  Opera<br \/>\nNews )<\/p>\n<\/article>\n<p class=\"copyright hide\">\n<span class=\"content\">    ,  .   ,     .       () , , , , , , , , .      \/ ,  and\/or  .     ,  , and\/or  ,      and\/or     <\/span><br \/>\n<span class=\"see-more\"><\/span>\n<\/p>\n<section class=\"tags\">\nBank of<br \/>\nTreasury<br \/>\n<\/section>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The government may have to choose from a number of challenging refinancing options to pay for Treasury bills that will mature in October 2022. A refinancing offer on October 3, 2022, may not get much traction due to the anticipated domestic debt restructuring, claims Databank Research&#8217;s Weekly Fixed Income Update. Therefore, it made the point [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1211976,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[4524,18081,1497,1090,4164,7761,26426,26126,9234],"class_list":["post-1211975","post","type-post","status-publish","format-standard","has-post-thumbnail","category-top-stories","tag-bills","tag-complicated","tag-face","tag-government","tag-maturing","tag-options","tag-refinance","tag-repaying","tag-treasury"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1211975","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=1211975"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1211975\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1211975"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1211975"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1211975"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}