Fixed Income Market: Gov’t raises GHS 1.21bn at increased discount rates
Government, at last week’s auction, raised a total of GHS 1,218.28 million from the issuance of the 91, 182 and 364 days treasury bills at increased discount rates of 12.63%, 13.23% and 16.74% respectively.
Compared to the previous week’s discount rates, the discount rates reflected increments of 0.72%, 0.15% and 0.24% for the 91, 182 and 364-day treasury bills respectively.
Bids tendered in for the 91, 182 and 364-day bills amounted to GHS 723.14 million, GHS 188.13 million and GHS 310.32 million respectively.
Read: GSE-CI remains flat to close at 2,766.80 points
BOG Offer Tendered Accepted
| BREAKDOWN OF TOTAL AMOUNT RAISED THIS WEEK | ||
| Treasuries | Bids Tendered (GH¢ MN) | Bids Accepted (GH¢ MN) |
| 91-Day T-Bill | 723.14 | 721.96 |
| 182-Day T-Bill | 188.13 | 186.00 |
| 364-Day T-Bill | 310.32 | 310.32 |
| TOTAL | 1,221.59 | 1,218.28 |
Government in last week’s auction accepted all bids made for the 91, 182 and 364-days T-bills.
This compares to GHS 859.73 million raised in 91-Day Bills, GHS 185.11million in 182- Day Bills, GHS 99.92 million in 364-Day Bills and GHS 1,320.66 million in the 6 Year FXR Bond at the previous auction.
The target for the next auction (Tender #1784) is GHS 932.00 million in 91-Day Bills and 182-Day Bills.
Read report below:
Fixed Income Market Report_31.01.2022 by Fuaad Dodoo on Scribd
