Local dollar bond set to begin a train of issuance

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• Odikro 9 years ago

  9.25% Eurobonds and 6% in the US markets. Two years ago, they even issued one for 17.5%. This also means that there is going to be an upwards pressure on the dollar and a downward pressure on the cedi. Expect to see a 10% "ig ...
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  9.25% Eurobonds and 6% in the US markets. Two years ago, they even issued one for 17.5%. This also means that there is going to be an upwards pressure on the dollar and a downward pressure on the cedi. Expect to see a 10% "ignoratus" devaluation of the cedi in the next few months. What a bunch of jokers.

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• Obenfo 9 years ago

  Yes, there would be pressure on the cedi if they are using the loan to service foreign loans,. A payment for interest in dollars is a loss of available dollars in the local economy.

  Yes, there would be pressure on the cedi if they are using the loan to service foreign loans,. A payment for interest in dollars is a loss of available dollars in the local economy.

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• BERNARD 9 years ago

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• Paapidi 9 years ago

  If a government is desperately looking for a loan under $100 million, then the country is broke as hell.

  If a government is desperately looking for a loan under $100 million, then the country is broke as hell.

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