5-year bond

Government Unlikely To Pay ¢4.185bn 5-Year Bond Maturing On February 6, 2022
06 Feb

Government Unlikely To Pay ¢4.185bn 5-Year Bond Maturing On February 6, 2022

wontumionlineBusiness, , ,
The Government of Ghana is not likely to pay a ¢4.185 billion 5-year bond maturing today, February 6, 2023. This is because it has already been included in the 2nd Amended and Restated Exchange Memorandum of the Domestic Debt Exchange Programme (DDEP). However, it is unclear whether the government will honour the interest payment of the debt instrument. Ideally, the government would have roll-over the instrument, but market conditions make it unlikely to do so. Some market analysts and traders have told Joy Business on condition of anonymity that the government will not honour its obligation as stated in the…
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Government Faces ¢2.83bn 5-Year Bond Refinancing With 26% Foreign Holdings
22 Nov

Government Faces ¢2.83bn 5-Year Bond Refinancing With 26% Foreign Holdings

wontumionlineBusiness,
The government is faced with refinancing a ¢2.83 billion 5-year bond, maturing on November 28, 2022 with 26% of foreign holdings. With the unfavorable pricing conditions, analysts expect the government to present a rollover offer. This is expected to increase the cost of the financial instrument. Also, the government will seek to raise ¢2.17 billion to refinance the upcoming Treasury bills maturities of ¢1.72 billion. Meanwhile, for the first time in six weeks, the government exceeded its auction target. It accepted all bids and raised GH¢1.66 billion in the process. It also exceeded its refinancing obligation by 54%. Analysts believe…
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