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Ghana Gets $14 Billion of Orders as It Issues 40-Year Eurobond

  • West African nation raised $3 billion with three-tranche deal
  • The 40-year bonds priced at 8.9%, while 14-year notes yield 8%
Traffic passes by Makola market in Accra, Ghana.
Photographer: Nicholas Seun Adatsi/Bloomberg
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Ghana sold sub-Saharan Africa’s longest-ever Eurobond as part of a $3 billion deal that was almost five times oversubscribed.