Ghana raises $3 billion via 4-year zero-coupon bond: Ghana’s finance ministry said on Tuesday it had successfully raised $3 billion on the international debt market using a 4-year zero-coupon bond tranche.
The issuance was two times oversubscribed, the ministry said in a statement.
“This historic bond issuance is a strong signal that investors have confidence in our plan for #debt sustainability, economic recovery and growth,” Finance Minister Ken Ofori-Atta was quoted as saying.
The ministry said using $400 million of the money raised to refinance domestic #debt would enable the West African country to save around $200 million over the four years.
As a result of its #zerocoupon, the bond does not make periodic interest payments, but is sold at a discount to its value at maturity.
#Ghana 🇬🇭 is an #AfCFTA member country and home to the #AfCFTASecretariat
#Reuters#TheAfricaWeWant#Africa#Investors#AfDB#SEZ#InvestInAfrica#AfricaMeansBusiness#Bond#MadeInAfrica#ThisIsAfrica#CFTA#AUC#Agenda2063#Tariffs#AfricanUnity#Jobs#Growth#SAATM#BrandAfrica#BondMarket#PanAfrican#GDP#AfCFTATV#FDI#AfricaOnTheMove#Covid19Africa#AfricaRising#TradeInAfrica#ISupportAfCFTA#MakeItInAfrica#Diaspora#BetterAfricaBetterWorld
