T-Bill: Gov’t targets GHS 2.24bn in October 27 auction
In the week ahead, the T-bill auction scheduled for Friday, October 27, 2023, will aim to issue a gross amount of GH¢2.24 billion.
This represents a marginal week-on-week decrease of 1.93%.
The issuance will encompass bills with maturities ranging from 91 days to 364 days, aligning with a refinancing obligation estimated at GH¢2.08 billion.
With the auction’s target size considered moderate in relation to the heightened demand witnessed in recent weeks, it is anticipated that the forthcoming auction may once again experience a noteworthy oversubscription.
This oversubscription is expected to be particularly pronounced for the benchmark 91-day bill.
Insights into the dynamics expected in the upcoming T-bill auction highlight the potential for robust demand in the face of the auction’s modest target size.
