Government accepted all bids worth Ghs 1,836 million for both the 20-year and 3-year bonds issued.
Monies raised from the 20-year treasury bond totaled Ghs 176.4 million and that of the 3-year treasury bond totaled Ghs 1.66 billion.
The amount raised for the 20-year treasury bond although being about 38 per cent below the target, was about 8 per cent more than the funds raised at the maiden offer last year.
For the freshly issued 3-year bond, the monies raised was slightly more than the indicative target.
Analysts believe the generally successful conduct of the just-ended Presidential and Parliamentary elections appear to have rejuvenated investor appetite for medium to long term securities.
“Overall, the very low yields in advance markets amidst the unrelenting increases in covid-19 infections appear to be driving foreign portfolio investors towards frontier markets like Ghana”, Senior Research Analyst at Databank Research, Courage Martey said.
“The vaccine optimism appears to have also boosted the frontier market with a modest recovery in oil prices, boosting investor confidence and selectively driving foreign portfolio capital towards economies with credible macro frameworks,” Mr Martey added.
The coupon rate for the 3-year bond was 19.25 per cent whilst that of the 20-year treasury bond was within the yield target.
Absa, Databank, Fidelity, IC Securities and Stanbic Bank were the joint book runners for the issuance of the two debt instruments.
