Audio By Carbonatix
The Bank of Ghana will on Thursday issue a five-year bond to raise 200 million Ghana cedis.
Government is expected to use proceeds from the auction to pay off previous debts or maturing bonds.
This will be the third bond issue for this year, after last month’s three-year bond which was heavily oversubscribed.
With last month’s bond offering a yield of 24 percent to investors, this week’s auction might offer a higher return and also be oversubscribed.
Government through the central bank has so far raised 753 million Ghana cedis from the two, three-year bonds issued so far.
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