Finance Ministry issues 2-year treasury bond; raises Ghs 1.53 billion
The Finance Ministry on Friday, July 30, 2021, issued a 2-year treasury bond raking in some Ghs 1.53 billion in debt.
The unsecured bond expected to mature in August 2023, was auctioned at an interest or coupon rate of 16.7 percent per annum.
The Ministry, in the issuance of the debt security, accepted all Ghs 1.53 billion bids made by investors.
The auction made using the book-building approach was opened to both resident and non-resident investors.
The issue date for the debt security has been slated for Monday, August 2, 2021.
Along with the auctioning of the 2-year treasury bond, was also the issuance of 91 and 182 days treasury bills which saw government through the ministry mobilise some Ghs 630 million in short-term debt.
Bids submitted by investors for the 91 day T-bills amounted to Ghs 475 million, of which the Ministry accepted some Ghs 267 million.
For the 182 day T-bills, bids submitted amounted to Ghs 211 million with the government accepting all bids made by investors.
The 91 day and 182 day T-bills were auctioned at discount rates of 12.1 percent and 12.4 percent respectively.
Read details of the auction below:
202107Publication on BOG Website August 2021 2 Yr GHS Denominated Tbond Issuance Announcement by Fuaad Dodoo on Scribd
Auctresults-1757 by Fuaad Dodoo on Scribd
