11
Apr
Activity has returned to the nation’s primary debt market for the first time since conclusion of the Domestic Debt Exchange Programme (DDEP), following the formal listing of a fresh corporate bond issuance by financial services provider Bayport Savings and Loans on the Ghana Fixed Income Market (GFIM). This comes as the instrument – a tranche of GH¢50million two-year senior unsecured floating rate notes benchmarked to the 182-day T-bill rate and forming part of Bayport’s newly established GH¢500million medium-term notes and bond programme – was closed at the end of March. The development represents a restart of the domestic bond market,…