Gov’t delegation on Eurobond roadshow heads to London

Citi Business News has learnt that a team of government personnel and officials from the Bank of Ghana on a Eurobond road show will be leaving the U.S to London today to meet investors.

The roadshow is in preparation of moves by government to raise about 2 billion dollars this year.

It is not clear when government intends to issue the bond but Finance Minister Ken Ofori-Atta earlier told journalists government intends to issue the bond by mid-year.

The current roadshow follows an earlier one embarked upon by a team led by Finance Minister to Japan to help raise Ghana’s first Samurai bond.

Government, after the trip announced that it will issue the bond in the medium term as it intends to diversify its bonds to attract low coupon rate.

Mr. Ofori-Atta stated at the time that prospects for Ghana issuing a possible Samurai bond in the medium term looked good, judging from the interaction and reception, accorded the Delegation on the Non-deal investor road show to Tokyo.

“What we sought to do was to build relationships and sensitize the market as you know, portfolio and assets managers are conservative and may want to have all the necessary assurance in place before, and this is time,” he said.

Source: Citi Business News

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