GoG to issue GHc500m 3-yr fixed rate bond

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The watcher 9 years ago

Using debt to get out of debt is like like drinking more alcohol to sober up. These people are either stupid ,completely corrupt, or a chilling combination of both.

Using debt to get out of debt is like like drinking more alcohol to sober up. These people are either stupid ,completely corrupt, or a chilling combination of both.
United Ghana 9 years ago

Apparently, they're both stupid and corrupt.

Apparently, they're both stupid and corrupt.
Joe Turkey 9 years ago

So, technically, in this Dutch auction, the cost of borrowing could be much higher than the cost of the loan the government is seeking to retire, whether it is interest payment of retirement of a previous bond. This means tha ...
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So, technically, in this Dutch auction, the cost of borrowing could be much higher than the cost of the loan the government is seeking to retire, whether it is interest payment of retirement of a previous bond. This means that the government is just entangling itself in debt, debt and more debt. You can't borrow at a higher rate to pay of a lower-rate loan. And is it not the responsibility of parliament to put a reasonable ceiling on government spending to stop this a subsequent government from reckless spending - and stealing?
Smart Alec 9 years ago

Lol... borrowing to repay debt is called refinancing. if the rate is higher but the maturity is longer than the original debt being refinanced then all is well.

Lol... borrowing to repay debt is called refinancing. if the rate is higher but the maturity is longer than the original debt being refinanced then all is well.
Jenny 9 years ago

Useless govt and people

Useless govt and people
Jenny 9 years ago

Live within your means greedy bastards

Live within your means greedy bastards
opana 9 years ago

Who should invest in this bond for the same government to turn round to tax the interest?

Who should invest in this bond for the same government to turn round to tax the interest?

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GoG to issue GHc500m 3-yr fixed rate bond

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