What will Ghana do with its $3bn Eurobond?

Originally published at: What will Ghana do with its $3bn Eurobond?

Ghana has raised $3bn as part of a new Eurobond issued on February 4. The issuance was almost five times oversubscribed and attracted around $14bn in bids.[i] It consists of a $750m tranche with an average life of 40 years at a yield of 8.875%, the longest ever from a sub-Saharan country, accompanied by a…