Investors in Ghana are being invited to bid for GHS 6 billion in bonds to refinance the Energy Sector Debts.
A release issued by the fund managers, Fidelity Bank Ghana Limited, Standard Chartered Bank and Standard Chartered Bank Ghana Limited said the 7-year and 10-year benchmark-sized, nominal fixed-rate Ghana cedi-denominated bonds will be listed and traded on the Ghana Fixed Income Market of the Ghana Stock Exchange will be subject to market conditions.
“E.S.L.A. Plc (unrated) an independent special purpose company established and sponsored by the Republic of Ghana acting through the Ministry of Finance (rated B3, Stable (Moody’s) / B-, Positive (S&P) / B, Stable (Fitch)), has appointed Standard Chartered Bank, Standard Chartered Bank Ghana Limited and Fidelity Bank Ghana limited to arrange a series of fixed-income investor meetings in London and Accra, commencing on October 19th 2017. Co-Managers on the mandate are Temple Investments and GCB Bank,” the release said in part.
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