World Markets

Ghana sells $3 billion in eurobonds, oversubscribed five times

Credit: REUTERS/LEONHARD FOEGER

Ghana has raised $3 billion in a eurobond auction that was oversubscribed five times, the government spokesman said on Wednesday.

ACCRA, Feb 5 (Reuters) - Ghana has raised $3 billion in a eurobond auction that was oversubscribed five times, the government spokesman said on Wednesday.

Tuesday's auction sold $1.25 billion in 7-year bonds with a coupon of 6.375%, $1 billion in 15-year bonds with a coupon of 7.875% and $750 million in 41-year bonds with a coupon of 8.875%.

The 41-year eurobond is the longest-dated bond for an African country, Information Minister Kojo Oppong Nkrumah said in a statement.

(Reporting by Christian Akorlie; Writing by Aaron Ross; Editing by Kevin Liffey)

((Aaron.Ross@thomsonreuters.com; +221 77 569 1702;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Latest World Markets Videos

China Plans to Ban Foreign IPO Loophole

Dec 01, 2021

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More