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Ghana divides opinion with zero coupon

AdobeStock_Ghana_down_trading_575x375_31March2021
By Mariam Meskin
31 Mar 2021

The Republic of Ghana brought innovation to the emerging market bonds this week, by selling Africa’s first zero coupon international deal. But the “risky” trade ignited debate among bankers and investors after it attracted a smaller order book than expected and required generous pricing as debt sustainability concerns swirled.

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By Mariam Meskin
31 Mar 2021