Fixed Income Market: Gov’t raises GHS 999m on domestic market
Government, raised a total of GHS 999 million from the issuance of the 91, 182 and 364 days treasury bills at last week’s auction.
Bids tendered in for the 91, 182 and 364-day bills amounted to GHS 717 million, GHS 145 million and GHS 137 million respectively.
Government accepted all GHS 999 million total bids made for the 91, 182 and 364 days T-bills.
| BREAKDOWN OF TOTAL AMOUNT RAISED THIS WEEK | ||
| Treasuries | Bids Tendered (GH¢ MN) | Bids Accepted (GH¢ MN) |
| 91-Day T-Bill | 717.22 | 717.22 |
| 182-Day T-Bill | 145.60 | 145.60 |
| 364-Day T-Bill | 137.04 | 137.04 |
| TOTAL | 999.86 | 999.86 |
Regarding the yields of the issuances, the 91- Day bills gained 0.27% to close at 30.45% with the 182-Day bills also increasing by 0.23% to 31.57%.
The 364-Day bills gained 1.08% settling at 31.55%.
| RESULTS OF LAST WEEK’S TREASURY BILL AUCTION | |||
| GOG Treasuries | Current | Previous | Change |
| 91-Day T-Bills | 30.45% | 30.18% | 0.27% |
| 182-Day T-Bills | 31.57% | 31.34% | 0.23% |
| 364-Day T-Bills | 31.55% | 30.47% | 1.08% |
Government’s target for the next auction (Tender #1819) is GH¢1,192.29 million in the 91-Day Bills, 182-Day Bills and 364-Day Bills.
Fixed Income Market Report_03.10.2022 by Fuaad Dodoo on Scribd
