The three-year bond sold by government on Wednesday to raise funds to settle maturing debts have been oversubscribed nearly three times. Joy Business checks indicate government received nearly 840 million Ghana cedis from investors, though it set out to mobilize 320 million Ghana cedis. It will have a yield of 12.39 percent for investors. The money is expected to be used to settle previous bonds that matured this month and another which is due in May. This is the second time this year that a bond issue has been oversubscribed by investors. A three-year-bond to mobilize 400 million Ghana cedis to pay debts owed contractors issued in February was also oversubscribed by more than 80 percent. Source: Joy Business/Ghana