coupon Archives - Wontumi Online

12 Dec

Bond Market: Total Market Turnover Up 18.09% To ¢1.40Bn

wontumionlineBusinessBond market, coupon, T-Bills

Trading of Government of Ghana papers in the local bond market regained steam last week as the total weekly volume traded improved 18.09% week-on-week to ¢1.40 billion. The February 2027 (coupon: 8.35%) paper gained traction in last week’s trading, as it matched the February 2030 (coupon: 8.80%) bond, to jointly contribute 60% of total market turnover. Notably, the average yield for the 2027 to 2030 tenors increased by 205 basis points to 20.05%, while the 2031 to 2034 papers traded around 15.72%, down by 96 basis points. Analysts expect trading activity to remain lively in the bond market in the…

Bond Market: Total Market Turnover Falls Sharply To ¢17.34M

wontumionlineBusinessBond market, coupon, market turnover

The secondary bond market activity was subdued last week. This is coming as investors hung on the fence to assess the cash coupon payments on the new bonds. The aggregate market turnover declined sharply to ¢17.34 million, a decline of -80.81%. This is partly on the back of contraction in trades across the 2027-2030 maturities of the new papers. Similarly, bond prices registered steady upticks, responding to the coupon payments by the government. Analysts expect the end-of-month portfolio adjustments by pension funds and other asset managers to augur well for bond market activity this week. Source: Myjoyonline

Government To Settle ¢2.4Bn Coupon Payments On DDEP Bonds

wontumionlineBusinesscoupon, DDEP bonds, Ken Ofori Atta

The Government of Ghana is expected to settle ¢2.4 billion of the first coupon payment on bonds occasioned by the Domestic Debt Exchange Programme (DDEP) on August 27, 2023 and August 28, 2023 respectively. This, the Minister of Finance, Ken Ofori-Atta, says is in line with the government’s commitment to the continued success and credibility of Ghana’s domestic debt operations. The bonds that are expected to mature in 2027 as indicated in the memorandum documents were originally expected to mature in 2023. They are in all the category bonds that are Category A Bonds, Category B Bonds, and the General…