Fixed Income Market: Government raises Ghs 1.24 billion
Government, at last week’s auction, raised a total of Ghs 1,246.61 million from the issuance of the 91 days and 182 days treasury bills.
Bids tendered in for the 91-day and 182-day bills amounted to Ghs 1,093.54 million and Ghs 153.07 million respectively.
In accepting the bids made, a total of GH¢1,088.54 million was raised in 91-day bills and GH¢148.07 million was raised in 182-day bills.
This compares to the GH¢847.43 million raised in 91-day bills, GH¢131.61 million raised in 182-day bills, GH¢153.84 million raised in 364-Day bills and GH¢1,361.10 million raised in the 2-year Notes in the previous week’s auction.
Read: 50% Benchmark Value: GUTA accuses AGI of double standards
Yields for the 91-day bill went up marginally by 0.001% to close at 12.48% whilst the 182-day bills went up by 0.053% to settle at 13.22%.
The target for government’s next auction (Tender #1773) is GH¢708.00 million for the issuance of 91 day and 182 day bills.
Peruse details of Fixed Income Market report by SIC:
Fixed Income Market Report_15.11.2021 by Fuaad Dodoo on Scribd
