Value of Eurobonds raised by Ghana 2018-2021
On March 29, 2021, Ghana issued three billion U.S. dollars in the international debt capital market, having secured an oversubscription bond value of six billion U.S. dollars. The transaction consisted of a four-year Zero Coupon worth 525 million U.S. dollars, a seven-year Weighted Average Life (WAL) reaching one billion U.S. dollars, a 12-year WAL of one billion U.S. dollars, and a 20-year WAL amounting to 500 million U.S. dollars. The total transaction value was constant compared to the two preceding years, but an increase of one billion U.S. dollars from 2018. Overall, Ghana was reported as the first Sub-Saharan African country to issue a Eurobond in U.S. dollars since the beginning of the coronavirus (COVID-19) pandemic.