Ghana on Tuesday, January 4 started receiving bids from investors all over the world for a three-tranche Eurobond sale that is expected to raise a total of $3 billion.
Graphic Online is reliably informed that as at 15.30GMT, investors from Asia and Europe had pledged to lend the country about $15 billion – five times more than the $3 billion the Ministry of Finance was asking for.
One source said the bonds could be six-year, 14-year and 40-year bonds and would mature in 2027, 2035 and 2061 respectively.
Another source said the bonds would likely be priced between 6.5 per cent and nine per cent.
More to follow soon…