Ghana plans LM exercise alongside new bond

By Francesca Young
28 Aug 2014

Ghana is expected to undertake a liability management exercise on its $750m 8.5% 2017s alongside a new Eurobond it is planning for September, said a banker away from the deal.

Barclays, Deutsche Bank and Standard Chartered Bank, the lead managers on the bond, declined to comment.

Ghana is rumoured to be starting a Eurobond roadshow next week for a $1.5bn issue, having mandated banks for the deal in the spring of this year.

“Ghana has been talking to ...

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