EVEN as government awaits proceeds from its recent over-subscribed $3 billion Eurobond, in addition to other interventions that will inject some foreign exchange onto the market the cedi has already started making some gains on the forex market. The local currency has since March 13, 2019 regained some 5.86 per cent value against the US […]
Tag: Eurobond
Ghana’s 3 billion Dollar Eurobond 6 times over-subscribed, comes with lowest interest rate
Ghana’s bid to raise $3 billion from the international capital market to finance key development projects, as well as retire maturing debts, has been over-subscribed by $16.9 billion at final pricing. An initial order book of over $21 billion in bids was received, which means it was over-subscribed by seven times. A $19.9 billion order […]