Government exceeds GHS 3.67bn T-Bill issuance target amid investor confidence; raises GHS 4.91bn
In a testament to robust investor confidence, the Government successfully mobilized GHS 4.91 billion through its Treasury Bill issuance, surpassing the GHS 3.67 billion target.
The oversubscription, totaling GHS 1.24 billion, underscores the resilience of government securities in the face of evolving market conditions.
Despite a reduction in yields across the 91-Day, 182-Day, and 364-Day tenors, investor appetite remained strong.
The 91-Day Bill, in particular, garnered significant interest, followed by the 182-Day and 364-Day Bills. Successful bids amounted to GHS 3.82 billion, GHS 822 million, and GHS 272 million, respectively.
Yields experienced marginal declines, with the 91-Day and 182-Day Bills settling at 25.19% and 27.39%, respectively, reflecting reductions of 25 basis points and 40 basis points compared to the previous auction.
Conversely, the yield for the 364-Day Bill remained steady at 27.99%.
Looking ahead, the Treasury aims to raise GHS 3.18 billion in the forthcoming auction, underscoring continued investor interest in government debt instruments.
The successful issuance of T-Bills and its subsequent oversubscription last Friday further solidifies the Government’s ability to navigate the financial landscape amidst challenging economic dynamics.
