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Ghana sets talk at 8½% area for dollar benchmark notes due 2026; pricing expected Thursday
By Christine Van Dusen
Atlanta, Sept. 11 – Ghana set talk in the 8½% area for a dollar-denominated offering of benchmark-sized amortizing bonds due 2026 that are expected to price on Thursday, a market source said.
Barclays, Deutsche Bank and Standard Chartered Bank are the bookrunners for the Rule 144A and Regulation S deal.
The proposed bond will be Ghana’s third international placement since its $750 million debut bond in September 2007 and a $750 million bond issued in July 2013.
Proceeds will be used primarily for government capital expenditures, with the rest used to repay outstanding short-term domestic debt.
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