Ghana sells 809.89mn cedis ($182mn) of 7-year bonds at 16.25pc yield

ACCRA: Ghana sold 809.89 million cedis ($182 mln) worth of seven-year domestic bonds issued on Thursday and will pay a yield of 16.25 percent, joint transaction arrangers Barclays Bank Ghana said.

Initial guidance for the bond, open to non-resident Ghanaians, was in the range of 15.75 percent and 16.25 percent. Total bids tendered for the paper was 824.89 million cedis.