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Ghana's $3 Billion Bonds Get Bids More Than 6 Times the Offering

  • The West African nation sold debt in a three-part deal
  • African Eurobonds best perfomers in emerging markets in 2019
Road traffic on a busy highway in Accra, Ghana.
Road traffic on a busy highway in Accra, Ghana.Photographer: Ty Wright/Bloomberg
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Ghana’s $3 billion Eurobond offering on Tuesday attracted bids that were more than six times the amount issued, according to a government official.

The sale’s orderbook was about $20 billion, the country’s Finance Minister Ken Ofori-Atta told Bloomberg TV, a sign appetite for risky assets is still going strong.