Ghana prices $1bn bond as IMF talks continue

Ghana_230
By Virginia Furness
11 Sep 2014

The Republic of Ghana returned to the international bond markets on Thursday, pricing a $1bn 2026 amortising bond to yield 8.25%, despite worries about the country's fiscal position and a weakening currency.

Although the sovereign was forced to pay up for its bond — Kenya, Côte d'Ivoire and Senegal got better pricing on their deals earlier this year — the African state's talks with the International Monetary Fund (IMF) buoyed investor support for the deal. In August Ghana announced that ...

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