12 °c
London
Sunday, May 22, 2022
No Result
View All Result
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
No Result
View All Result
FurtherAfrica
No Result
View All Result
Home Capital Markets

Ghana heads back to debt markets to lock in borrowing costs

Staff by Staff
March 25, 2021
in Africa, Capital Markets, Debt, Economy, Finance, Ghana, Government, Inflation, Securities
Reading Time: 1 min read
816 25
0
Ghana sells US$101.6M worth of 10-year bond
Share via QRWhatsappShare on FacebookShare on TwitterLinkedInPinteresteMail

Ghana is heading back to the international capital markets to lock in relatively low borrowing costs before inflation concerns push global yields up further.

West Africa’s second-biggest economy targets to issue its first zero-coupon dollar bond with four-year maturity, alongside a seven-year, 12-year and 20-year instruments, according to people familiar with the plans, who asked not to be named because they are not authorized to speak publicly about it.

The country mandated Bank of America Corp., Citigroup Inc., Standard Chartered Plc, Standard Bank Group Ltd. and Rand Merchant Bank Ltd. as lead arrangers to commence investor meetings Wednesday, the people said. Ghana also offered to buy back as much as US$250M of its outstanding 7.875% notes due 2023, at US$1,108.50 per US$1,000 worth of bonds held.

Also read: Ghana plans to borrow up to US$5B in 2021

Ghana’s sale comes just when the increased spending by the U.S. on economic stimulus is driving up global borrowing costs. The country last sold Eurobonds in February 2020, just before the coronavirus pandemic sent benchmark U.S. Treasury yields to record lows.

The country, rated ‘B’ by Fitch Ratings and ‘B-’ by S&P Global Ratings, is seeking to raise US$5B, of which US$1.5B would be used to finance the 2021 budget and the rest for liability management of domestic and international debt.

Related

Via: Bloomberg
Tags: Bank of America Corp.capital marketsCitigroup Inc.debtdebt securitiesEconomyFinanceGhanaGhana heads back to debt markets to lock in borrowing costsGovernment bondsGovernment debtinflationRand Merchant Bank Ltd.sovereign debtStandard Bank Group Ltd.Standard Chartered Plcганаغاناガーナ加纳
ScanSendShare336Tweet210Share59Pin76Send
Staff

Staff

Related Posts

Guidelines for PanAfrican payments and settlement system in Nigeria
Economy

Africa’s 5 Wealthiest Nations in 2022

by The Exchange
May 22, 2022
Travel

5 exceptionally romantic hotels in Africa

by See Africa Today
May 21, 2022
Stock Exchange and its benefits to Ethiopia
Culture

Ethiopia wonderful hidden secrets

by FurtherAfrica
May 21, 2022
Business

Rihanna’s Fenty Beauty seeks expansion in the African Market

by The Exchange
May 21, 2022
Travel

Spain, Morocco reopen land borders

by FurtherAfrica
May 20, 2022
Great Limpopo Transfrontier Park
 
AFSIC 2022
 
MozParks

Translate this page

Read the Latest

Guidelines for PanAfrican payments and settlement system in Nigeria
Economy

Africa’s 5 Wealthiest Nations in 2022

by The Exchange
May 22, 2022
0

African countries' wealth measured using gross domestic product (GDP). Nigeria is mostly reliant on petrol but it is also a...

Read more

5 exceptionally romantic hotels in Africa

May 21, 2022
Stock Exchange and its benefits to Ethiopia

Ethiopia wonderful hidden secrets

May 21, 2022

Rihanna’s Fenty Beauty seeks expansion in the African Market

May 21, 2022

Spain, Morocco reopen land borders

May 20, 2022

FurtherAfrica Partners

The Exchange Club of Mozambique Taarifa Rwanda
TechGist Africa Africa Oil & Power Farmers Review Africa
Tanzania Invest Zambia Invest See Africa Today
Africa Global Funds Novafrica CrudeMix Africa
Harambee Africa Botswana unplugged Financial Insights Zambia
Digilogic Africa

Subscribe to FurtherAfrica

Enter your email address to receive new articles on your email.

Join 73,051 other subscribers.

FurtherAfrica

© 2021 FurtherMarkets

FurtherAfrica is a FurtherMarkets Limited platform

  • Countries
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

Follow Us

No Result
View All Result
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

© 2021 FurtherMarkets

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?