Business News of 2014-02-14

Govt’s three year bond oversubscribed

The three year bond sold by government Thursday witnessed a marginal over subscription.
The state got 465 million Ghana cedis worth of bids from investors, though it wanted to raise 402 million Ghana cedis.
The Bank of Ghana however just accepted 402 million Ghana cedis.
Joy Business gathered that government might be paying as much as 23 percent as interest to investors, the highest in recent times.
Source: myjoyonline
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