Gov’t secures GHS 2.1bn from five issued debt securities last week
Government managed to secure a total of GHS 2.1bn from the issuance of five debt securities last week.
The debt securities issued include 91, 182 and 364 days treasury bills, a two year cedi denominated treasury note as well as a five year cedi denominated bond.
For the short term debt securities, government managed to secure a total of GHS 952m.
This is against a set target of GHS 1.4bn for the debt securities.
Once again, government missed its target for the auction of the short term debt securities.
Bids made for the 91, 182 and 364 days treasury bills amounted to GHS 812m, GHS 107m and GHS 33m respectively with government accepting all bids made.
The 91, 182 and 364 days treasury bills were auctioned at interest rates of 18%, 19.1% and 20.8% respectively.
Read: Ghana Stock Exchange signs MoU with Jamaica Stock Exchange
For the two-year treasury note, government managed to raise some GHS 601m from bids made by investors.
For the five-year treasury bond, government was able to raise a total of GHS 575m from investors.
Cumulatively, total amount raised from the two long term debts amounted to GHS 1.17bn.
The two-year and five-year treasury note and bond were auctioned at interest rates of 21.5% and 22.3% respectively.
Peruse details of auction results below:
Auctresults-1797 by Fuaad Dodoo on Scribd
