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Ghana Stock Exchange

PR. 420/2018-LISTING AND TRADING OF GOVERNMENT OF GHANA NOTES AND BONDS ISSUED IN AUGUST AND SEPTEMBER 2018

By October 10, 2018No Comments

 

Listing

The Exchange has admitted to the Ghana Fixed Income Market (GFIM), notes and bonds issued by the   Government of Ghana in August and September 2018

Background Information

Details of the notes are as follows.

 

Title 1-Year Notes 2-Year Notes 3-Year Bonds
Issuer Government of Ghana Government of Ghana Government of Ghana
Total Value Issued GH¢122,952,662 GH¢1,989,849,956 GH¢1,994,200,000
 

Coupon Rate

 

14.50% and 15.00% per annum

 

18.00%, 21.00 and 21.33

per annum

24.00% and 24.5% per annum
Issue Date  

29/03/2018, 13/08/2018, 20/08/2018 and 17/09/2018

13/03/2017, 10/04/2017 and 27/08/2018 26/10/2015, 26/10/2015 and 12/09/16
Maturity Date  

28/03/2019, 12/08/2019, 19/08/2019 and 16/09/2019

11/03/2019, 08/04/2019 and 24/08/2020 22/10/2018, 22/10/2018 and 09/09/2019
 

Interest Payment 

 

Half yearly from issue date

 

Half yearly from issue date

 

Half yearly from issue date

               

Title                               5-Year Fixed Rate Bonds          7-Year Fixed Rate Bonds             10-Year Fixed Rate Bonds                              Issuer                                           Government of Ghana                 Government of Ghana Government of Ghana

            Total Value Issued      GH¢180,000,000                       GH¢103,000,000                          GH¢26,000,000

            Issue Date                    31/07/2017 and 12/02/2018   03/04/2017 and 16/04/2018     14/09/2016 and11/06/2018

            Maturity Date              25/07/2022 and 06/02/2023   25/03/2024 and 07/04/2025     02/11/2026 and 29/05/2028

            Interest Payment        Half yearly from issue date        Half yearly from issue date        Half yearly from issue date

 

Non-Resident Foreign (NRF) Investors Participation

The Bank of Ghana has confirmed that participation in Government of Ghana fixed income securities is open to non-resident foreigners (NRF) in respect of securities with tenure of two years and above.

 

Registration

The Central Securities Depository Ltd will be in charge of registration.

Tax

The Income Tax Act of 2015 (Act 896) requires the withholding of tax in respect of interest payments at the   applicable rate of tax.

Attachment

                          Issued at Accra on October 10, 2018