Business News of Tuesday, 4 February 2020Source: Graphic.com.ghInvestors ‘fall over each other’ for Ghana bondsBank of Ghana Governor, Ernest AddisonGhana on Tuesday, January 4 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. One source said the bonds could be six-year, 14-year and 40-year bonds and would mature in 2027, 2035 and 2061 respectively, reports Graphic Online's Maxwell Akalaare Adombila. Another source said the bonds would likely be priced between 6.5 per cent and nine per cent. It added that Ghana’s 2020 Eurobond sale team, which is led by the Minister of Finance, Mr Ken Ofori-Atta, was expecting the bids to swell further when investors in the USA start participating in the offer. It, however, added that the team was exploring the possibility of dropping the seven-year bond for just the 14-year and the 40-year bonds.

Source: GhanaWeb February 04, 2020 17:26 UTC