Skip to main content

PR. 127/2017 -LISTING AND TRADING OF GOVERNMENT OF GHANA NOTES AND BONDS ISSUED FROM MARCH TO APRIL 10, 2017

Listing

The Exchange has admitted to the Ghana Fixed Income Market (GFIM), notes and bonds issued by the   Government of Ghana from March to April 10, 2017.

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¢415,975,299

GH¢637,905,490 

GH¢1,010,594,974 

Coupon Rate

18.50% and 19.00% per annum

21.33% and 21.00% per annum

21.50% per annum

Issue Date

03/04/2017, 20/03/2017 and 06/03/2017

13/03/2017 and 10/05/2017

13/03/2017

Maturity Date

              

02/04/2018, 19/04/2018

and 05/03/2018

11/03/2019 and 08/04/2019

09/03/2020

Interest Payment 

Half yearly from issue date

Half yearly from issue date

Half yearly from issue date

                                                                 

               

Title                                 7-Year Fixed Rate Bonds            15-Year Fixed Rate Bonds            

Issuer                             Government of Ghana                Government of Ghana         

Total Value Issued    GH¢1,452,080,000                          GH¢3,422,150,000                     

Coupon Rate              19.75% per annum                          19.75 per annum

Issue Date                    April 3, 2017                                       April 3, 2017

Maturity Date           March 25, 2024                                  March 15, 2032

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

 

 

Title                                       10-Year Fixed Rate Bonds (SWAPS)                                        

Issuer                                    Government of Ghana                                 

SWAP Amount                  GH¢106,000,000                                                                 

Date of SWAP                   March 16, 2017                 

 

 

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.

Issued at Accra on April 11, 2017

Attachment