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Ghana to issue 400mn cedi 3-year bond on March 7

DAKAR: Ghana will issue a 400 million cedi ($210 million) three-year government bond on March 7 to service maturing de
Published February 12, 2013 Updated February 12, 2013 07:04pm

cedis----DAKAR: Ghana will issue a 400 million cedi ($210 million) three-year government bond on March 7 to service maturing debts, the West African nation's central bank said on Tuesday.

 

The bank said in a statement that the funds generated from the auction would be used for "government budget support and to rollover maturing debt."

 

It said settlement will take place on March 11.

 

Copyright Reuters, 2013

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