The government is set to close Eurobond fundraising as it secures over $13 billion in bids from investors on Tuesday. This was after it completed its roadshow for the US, which took the team to New York and Boston.  Sources say there has also been some initial engagement with investors in London as they also work on prices and even start taking bids from potential investors that want to participate in the offer.   JoyBusiness understands that the government is planning to close the offer and raise the expected amount this Friday in London. Sources close to the Eurobond team say they are optimistic of securing the targeted amount at a very competitive rate.  This is based on response and engagement with some investors and current positive developments on the market. Who is helping the government raise the funds? The Eurobond roadshows have seen more local firms on board this time around, according to government sources, it is part of a broader plan to help equip local firms for possible fundraising exercise in the future.  Based on information picked up from prospectus covering the Eurobond, five local firms are acting as local dealers for the offer. These are Databank, IC securities, GCB Bank, Fidelity Bank and Strategic African Securities.  The International partners on board who are acting as Arrangers and Dealers are; BofA Securities, J. P Morgan, Morgan Stanley, Standard Bank and Standard Chartered Bank. Planned use of the $3 billion funds Government is planning to use proceeds from the offer to finance the fiscal deficit. It is also looking at refinancing or repaying outstanding indebtedness, including the energy sector debt, which amongst other measures, may include the refinancing of the existing debt owed IPPs. They are also looking at using proceeds to finance some infrastructure projects that Finance Minister Ken Ofori-Atta has outlined in the 2020 budget. Who is leading the Eurobond Team? Finance Minister Ken Ofori-Atta is leading the team and would be joined by his Deputy Charles Adu Boahene and some officials from the Finance Ministry. Governor of the Bank of Ghana, Dr Ernest Addison is leading from the Bank of Ghana, supported by his deputies and some technical team from this office. They are also joined by the various representatives from the dealers and the arrangers of the EUROBOND fundraising.