Ghana: U.S.$1 Billion in Fourth Eurobond

An official statement from the Finance Ministry has confirmed news that the country has clinched a $1 billion deal with its fourth Eurobond at a coupon rate of 10.75%.

"The bond is a soft amortizing one with a tenure of 15 years amortising in years 2028, 2029 and 2030. The principal will be repaid in three instalments of US$333 million in years 2028 and 2029, and US$334 million in 2030. The 15 year tenure means that Ghana has become the first sub-Saharan African country outside South Africa to successfully issue a 15-year bond," said a release from the Ministry Wednesday.

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