"Investors push Ghs 969 million into 3-year cedi denominated bond"

" \n Investors push Ghs 969 million into 3-year cedi denominated bond \n \n\n \n Government on Friday, October 30, 2021, issued a 3-year treasury bond raking in some Ghs 969 million in debt. \n \n\n \n The senior unsecured bond expected to mature in 2024, was auctioned at an interest or coupon rate of 18.5 percent per annum . \n \n\n \n Government in the issuance of the debt security, accepted all Ghs 969 million bids made by investors. \n \n\n \n The auction made using the book-building approach was opened to both \u00a0resident and non-resident investors . \n \n\n \n The issue date for the debt security has been slated for Monday, October 18, 2021. \n \n\n \n Along with the auctioning of the 3-year treasury bond, was also the issuance of 91, 182 and 364 days treasury bills which saw government mobilise some Ghs 1 billion in the short-term debt. \n \n\n \n Also: Multiple sinkholes in Nigeria\u2019s FX market \u2013 It is more than a supply problem \n \n\n \n Bids submitted by investors for the 91 day T-bills amounted to Ghs 867 million, of which the government accepted all bids made by investors. \n \n\n \n For the 182 and 364 day T-bills, bids submitted amounted to Ghs 63 million and Ghs 71 million respectively with the government accepting all bids made by investors. \n \n\n \n The 91, 182 and 364 day T-bills were auctioned at discount rates of 12.1 percent, 12.4 and 14.1 percent respectively. \n \n\n \n Read details of auction results below: \n \n\n \n Auctresults-1768 by Fuaad Dodoo on Scribd (function() { var scribd = document.createElement(\"script\"); scribd.type = \"text\/javascript\"; scribd.async = true; scribd.src = \"https:\/\/www.scribd.com\/javascripts\/embed_code\/inject.js\"; var s = document.getElementsByTagName(\"script\")[0]; s.parentNode.insertBefore(scribd, s); })(); \n "

"Investors push Ghs 969 million into 3-year cedi denominated bond"

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