Finance Minister, Dr. Kwabena Duffour is optimistic inflows from yesterday’s oversubscribed five year bond issue would help stabilize the cedi. The bond was oversubscribed by a record high of almost 300 percent. Whilst Government sought to raise 300 million Ghana cedis, it received a little over one billion Ghana cedis from investors. It however accepted almost 900 million from investors and returned the rest. The bond will have a yield of 23 percent as returns for investors, though some wanted 32 percent. The subscription represents a record interest shown by investors in a government bond for long while. About 90 percent of the bids came from foreign investors. Dr. Duffour tells Joy Business this is a sign of continued confidence in the economy despite concerns about the country’s fiscal position. Analysts are however attributing the oversubscription to higher yields offered investors.