Yields on Ghana’s Eurobonds have risen to their highest level in 10 years, as international investors continue to dump the country’s bonds amid fiscal and debt challenges – and now the Russian-Ukrainian war. Data from the CBonds indicate that the country’s sovereign US$ yield to maturity (YTM) index had risen …
Read More »How will Rwanda spend the $620m raised through 10-year Eurobond?
The Government of Rwanda says it has successfully raised US$ 620 million through the issuance of a 10-year Eurobond, the proceeds of which will be used to retire an existing $400 Eurobond issued in 2013, which is due in 2023 while the remainder will be spent on key projects. Announcing …
Read More »Bank of Ghana finally receives US$3 billion Eurobond cash
The US$3 billion Eurobond cash raised by the Finance Ministry in the last week of March 2021 has hit the account of the Bank of Ghana. JoyBusiness reports that the BoG received the funds on April 7, but could not establish whether the necessary transaction cost of the lead managers …
Read More »Bank of Ghana finally receives $3bn Eurobond cash
The $3 billion Eurobond cash raised by the Finance Ministry in the last week of March 2021 has hit the account of the Bank of Ghana. JoyBusiness reports that the BoG received the funds on April 7, but could not establish whether the necessary transaction cost of the lead managers was …
Read More »Ghana to commit $1 billion Eurobond proceeds to address energy sector challenges – Minister
Finance Minister, Ken Ofori-Atta, says one billion dollars of the country’s recently secured Eurobond money will be used to address issues in the energy sector. This move, the Finance Minister believes, will go a long way to address key bottlenecks in the energy sector. Speaking on Joynews’ NewsFile programme, Ken …
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