
Audio By Carbonatix
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.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Ahiagbah urges government to complete Afari Military Hospital, says project 98% done
3 minutes -
Former Nigerian oil minister Diezani Alison-Madueke acquitted of bribery after 13-year UK probe
5 minutes -
UK law enforcement destroyed my reputation and integrity, ex-Nigerian oil minister tells BBC
11 minutes -
Presidency to determine eligibility for siren use by government appointees
18 minutes -
Interior ministry overhauls firearm licensing system, introduces mental health and drug tests for applicants
31 minutes -
Interior Minister suspends all active gun licenses in Ghana, orders fresh screening
39 minutes -
Interior Ministry to publicly destroy seized weapons on July 9 as gun amnesty ends
47 minutes -
Scrip T drops visuals for new single “Am Ghosting”
58 minutes -
NSA trial: Witness admits no evidence backing claim Ghana Card was used to register company linked to Gifty Oware-Mensah
1 hour -
The parking lot is not a stage; stop gifting cars to children in school
2 hours -
IFRIG leads Ghana delegation to Malaysia for non-interest banking and Islamic finance training
2 hours -
Wealthy Ghanaians urged to help decongest KATH as philanthropist clears GH¢60,000 bills for 16 patients
2 hours -
Amanano Community Bank records historic GH¢19.2m profit, unveils expansion and diaspora banking plans
2 hours -
Todays Front pages: Tuesday, June 23, 2026
2 hours -
Global initiative launched to tackle growing health impacts of climate change in low-income countries
3 hours