Government, has in issuance of 91 and 182 day treasury bills exceeded its target of raising Ghs 1,281 million in fresh debt from the domestic market.
The auction of the 91, 182 day T-bills which included the auction of a 10 year bond saw government realise more than its target of Ghs 1,281 million by Ghs 434 million.
Government accepted all bids made by the banks, pension funds and insurance companies for the 91 and 182 day T-bills and the 10 year fixed income bond.
Total bids tendered in by participants of the auction amounted to Ghs 1,715 million, indicative of the ever-increasing appetite of banks, insurance companies and pension funds for government securities.
Bids tendered in for the 91 and 182 day T-bills issued at a discount rate of 12.1 percent and 12.4 percent were Ghs 745 million and Ghs 150 million respectively.
With regards to the 10 year fixed income bond, total bids tendered in amounted to Ghs 820 million.
The 10 year bond was issued at an interest rate of 19.4 percent.
Meanwhile, government, come this Friday, July 23, 2021, will once again be looking to raise some Ghs 1,019 million on the domestic debt market with the issuance of 91, 182 and 364 day T-bills.
With an ever-increasing appetite for government securities which are less risky and easing liquidity on the interbank market, government is expected to once again exceed its target in the issuance of the 91,182 and 364 day T-bills on Friday.
Details of auction results:
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