Business News of Friday, 3 November 2017Source: Myjoyonline.comGovernment targets $100 million in 3-year local bondThe bond is targeted between $50 to $100Government is expected to issue a three-year domestic dollar bond on Tuesday, which sources say it would be targeting between $50 and $100 million. The bond is expected to open on November 7 and close on November 9, while settlement should be done on November 13. This would be the second time that the country is using this method to issue a local dollar bond. In 2016, government issued the country’s first two-year dollar bond for local investors, with a 6% yield. It was then argued that government wanted to tap into the millions of domestic dollar accounts in the country.

Source: GhanaWeb November 03, 2017 20:26 UTC