The Government of Ghana would begin the process of issuing the country's second Eurobond in July subject to the approval of lead managers of the offer. Government is also expected to table the prospectus to parliament for approval when the house resumes in the coming days. Ghana in 2007 issued its first Eurobond to raise 750 million dollars from the international capital market for infrastructure projects. Government is also planning to raise some 1 billion dollars when it turns to investors outside the country in the next two months. Proceeds from the Eurobond would be used to finance infrastructure projects and restructure maturing debts and interest payments. If the July date is approved, then the country might have just one month to carry out the necessary road shows for the bond issue. The bond won two prestigious international awards in 2007 when it first issued. The awards, 2007 Emerging Market Bond of the Year and the Eastern Europe, Middle East and Africa (EEMEA) Bond of the Year, was be presented in January 2008 by the International Financial Review (IFR) at its 13th gala dinner in London, United Kingdom. When Ghana went to the international market on September 27, 2007, for the first time, the country saw its sovereign bond denominated in the dollar, oversubscribed by over 400 per cent, amounting to US$3.7 billion.