Ghana’s Eurobond issue raises $1bln with higher coupon

Image Credit: Wealth Cycles

Ghana sold $1 billion of 15-year Eurobonds at a coupon rate of 10.75%, a higher yield than the government had sought, according to Bloomberg.  The debt matures in 2030, with three equal redemption payments in October 2028, October 2029 and October 2030. The Africa Report quotes the country’s Finance Minister, Seth Terkper, as saying that the issue was oversubscribed by 100%. The notes will be listed in the Ghanaian and Irish stock exchanges.

Read more at Bloomberg…

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