Ghana issues fifth Eurobond at 9.25%

Ghana today [Thursday] issued its fifth Eurobond of 750 million dollars at a yield of 9.25 percent a few points lower than the last one which was at 10.75 percent.
Ghana today [Thursday] issued its fifth Eurobond of 750 million dollars at a yield of 9.25 percent a few points lower than the last one which was at 10.75 percent.
Government has put on hold plans to issue its fifth Eurobond which was scheduled to take place next week.
Ghana plans to sell Eurobonds of up to $1 billion by next week to fund the 2016 budget and refinance debt repayments due next year, government sources said yesterday.
The Bank of Ghana has maintained the policy rate at 26 percent again.