Treasury aims for GHS 3.06bn gross issuance in upcoming T-Bill auction
In a move to manage upcoming maturities totaling GH¢2.8 billion, the Treasury is poised to initiate a substantial gross issuance amounting to GH¢3.06 billion across 91-day to 364-day bills.
The scheduled T-bill action, slated for Friday, September 1, 2023, is anticipated to provide the necessary funds to effectively roll over impending maturities.
However, as analyzed by GCB Capital Research, this endeavor is likely to come at a modest cost, with yields expected to exhibit a slight upward trajectory across the T-bill curve.
The calculated approach by the Treasury reflects its strategy to address impending financial obligations while maintaining an eye on market dynamics.
The forthcoming auction is poised to draw significant attention, both from investors seeking lucrative opportunities and analysts monitoring potential yield shifts.
As the Treasury’s auctions unfold, the financial community will be closely observing the outcomes of this auction.
