Ghana on 4th January started receiving bids from investors all over the world for a three-tranche Eurobond sale that is expected to raise a total of $3 billion.
Graphic Online is reliably informed that as of 15.30 GMT, investors from Asia and Europe had pledged to lend the country about $15 billion – five times more than the $3 billion the Ministry of Finance was asking for.
One source said the bonds could be six-year, 14-year and 40-year bonds and would mature in 2027, 2035 and 2061 respectively. Another source said the bonds would likely be priced between 6.5% and 9.0%.
Source: Graphic.com.gh
