Government raises Ghs 1.36 billion from issuance of 2-year bond
Government has raised some Ghs 1.36 billion from the issuance of a 2-year maturity dated bond.
The unsecured bond expected to mature in 2023, was auctioned at an interest or coupon rate of 19.8 percent per annum.
Government, in the issuance of the debt security, accepted all Ghs 1.36 billion bids made by investors.
The issue date for the debt security has been slated for today, November 8, 2021.
Funds raised from the issuance of the bond will be used to roll over some maturing debts.
The bond issuance was opened to both resident and non-resident investors.
Absa, Black Star, CalBank, Databank, Ecobank, Fidelity, GCB, IC Securities and Stanbic were the active bond market specialists.
Read Also: Central Bank mobilize Ghs 1.8 billion from auction 14-day bill
Along with the auctioning of the 2-year treasury bond, was also the issuance of the 91,182 and 364 days treasury bills which saw government mobilise some Ghs 1.13 billion in short-term debt falling short of its target of Ghs 1.48 billion.
Bids submitted by investors for the 91 day T-bills amounted to Ghs 847 million with government accepting all bids made.
For the 182 and 364 day T-bills, bids submitted amounted to Ghs 131 million and Ghs 154 million respectively with the government once again accepting all bids made by investors.
The 91 day and 182 day T-bills were auctioned at discount rates of 12 percent and 12.2 percent respectively.
For the 364 days T-bills, the short-term debt was auctioned at a discount rate of 13.7 percent.
Read details of the auction results below:
Auctresults-1771 by Fuaad Dodoo on Scribd
