Finance Ministry to borrow Ghs 1.1 billion this Friday
The Finance Ministry come Friday, August 6, 2021, is expected to raise some Ghs 1.1 billion through the issuance of 91, 182 and 364 days treasury bills.
The Ghs 1,101 million to be raised on Friday will be an additional debt taken on by government, having already borrowed some Ghs 1.53 billion in the issuance of a 2 year unsecured bond and Ghs 630 million from 91 and 182 days treasury bills last Friday, July 30, 2021.
Prior to the Friday, the Finance Ministry on Wednesday, July 28, 2021 had also so borrowed some Ghs 1.85 billion from the auction of 91, 182 and 364 days treasury bills.
The Ministry, in the issuance of the 2 year unsecured bond accepted all Ghs 1.53 billion bids made by investors at an interest or coupon rate of 16.7 percent per annum.
Related Story: Finance Ministry issues 2-year treasury bond; raises Ghs 1.53 billion
With regards to the 91 and 182 days treasury bills, 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.
The Ghs 1.1 billion amount to be raised by government through the Ministry on Friday, will be used to cater for government’s short-term financing needs.
The 91, 182 and 364 days treasury bills is expected to be auctioned at discounted rates 12.1 percent and 12.4 percent.
Find details below:
Auctresults-1757 by Fuaad Dodoo on Scribd
