Ghanaian government to issue a 5-year Cedi T-Bond this week

The Ghanaian government is expected to issue a 5-year cedi-dominated treasury bond with a maturity in 2025.

Finance Minister, Ken Ofori-Atta

This was contained in a notice issued by the Bank of Ghana (BoG), on Friday (June 19, 2020).

The government’s debt issuance calendar for June to August 2020, indicates that an amount of GHC800 million is expected to be issued once during the period.

Each bond which is issued shall have a face value of GHC1, with a minimum subscription of GHC50,000 and multiples of GHC1,000 thereafter. The offer will be opened to both local and foreign investors.

Initial pricing guidance for the issuance of the bonds through the Ghana Stock Exchange (GSE) will be on Tuesday (June 23, 2020). Afterward, the opening of the book-build at 9 am on Wednesday, June 24, 2020.

The books will be closed midday on Thursday, with the final pricing and allocation determined.

Successful bids will be cleared at a single clearing level.

But if the T-bond is oversubscribed there will be a discretionary allocation at the single clearing level. It is expected that investors will be settled or issued with the bonds on Monday (June 29, 2020).

The five-year bond would be issued through Absa, Databank, Stanbic Bank, Fidelity Bank, and IC Securities acting as book runners for the government.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.

Eyewitness? Submit your stories now via social or:

Email: news@pulselive.co.ke

Recommended articles

4 side effects of being a virgin for too long, according to research

4 side effects of being a virgin for too long, according to research

Ini Edo posts new photos amid reports of welcoming a baby through surrogacy

Ini Edo posts new photos amid reports of welcoming a baby through surrogacy

KDF moves to forcibly acquire Sh 500M supermarket land in Nairobi

KDF moves to forcibly acquire Sh 500M supermarket land in Nairobi

Willy Paul apologizes to Kenyans on Behalf of Diana B

Willy Paul apologizes to Kenyans on Behalf of Diana B

Zari Hassan lectures Tanzanians over her viral black innerwear video

Zari Hassan lectures Tanzanians over her viral black innerwear video

DP Ruto's firm wins Sh190M Nairobi county gov't tender

DP Ruto's firm wins Sh190M Nairobi county gov't tender

Diana Marua hospitalized, Bahati gives update [Photos]

Diana Marua hospitalized, Bahati gives update [Photos]

Betty Kyallo shares photos of the first Subaru she bought after joining KTN

Betty Kyallo shares photos of the first Subaru she bought after joining KTN

North Korean man who smuggled 'Squid Game' into the country to be sentenced to death

North Korean man who smuggled 'Squid Game' into the country to be sentenced to death