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Ghana sells 1.57 bln cedis ($356.3 mln) worth of 3-yr bonds at 16.5 pct

Mar 23, 2018

Ghana scooped all 1.57 billion cedis ($356.3 million) tendered for a three-year domestic bond on Thursday and will pay a yield of 16.5 percent, joint transaction arrangers said.

Initial guidance for the bond, open to non-resident Ghanaians, was in the range of 15.5 percent and 16.5 percent. The government was hoping to raise 900 million cedis from the sale.

($1= 4.4057 cedis)

Reporting by Kwasi Kpodo; Editing by Joe Bavier (Reuters)

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