Ghana launches $2 billion notes: 10-year at 7 5/8%, 30-year at 8 5/8%

By Paul A. Harris

Portland, Ore., May 10 – Ghana (B3/B-/B) launched $2 billion of global bonds on Thursday, according to a market source.

The deal includes a tranche of 10-year notes launched at 7 5/8%, tight to early talk in the low 8% area, and 30-year paper launched at 8 5/8%, tight to initial guidance in the low 9% area.

Tranche sizes and final terms remained pending at press time on Thursday.

BofA Merrill Lynch, Citigroup, JPMorgan and Standard Chartered are managing the sale.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.