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Ghana Said to Sell $1 Billion of 15-Year Eurobonds at 10.75%

  • Government sold less debt, at a higher yield than planned
  • Debt has three equal redemption payments in final three years
Updated on

Ghana sold $1 billion of 15-year Eurobonds at a higher yield than the government had sought during a roadshow last month.

The bonds are priced at 10.75 percent, according to a person familiar with the matter who isn’t authorized to speak publicly and asked not to be identified. About 40 percent is guaranteed by the International Development Association, a member of the World Bank Group. The debt matures in October 2030 and has three equal redemption payments in October 2028, October 2029 and October 2030.