Not exact matches
Finance Minister Ken Ofori - Atta told Reuters last week that the government was looking to issue the
Eurobonds with a coupon in the 7 percent range,
well below previous sales.
«Nothing
good is coming out, for example, the
Eurobond was not managed
well and there is trouble,» Ayariga said.
In this perspective, the proposals of introducing an EU tax on financial transactions, the idea of including a «golden rule» of budgetary balance in national legislation, as
well as the decision to support the creation of a permanent Eurozone Council, are arguably all steps paving the way to issuing of
Eurobonds.
Even the Nigerian government had to postpone its $ 1billion
Eurobond which was slated for 2016 to 2017 when a
better investment environment had begun to emerge with rising oil prices, larger foreign reserves, a new economic policy document and CBN policy refinements which have significantly increased the supply of foreign currency and narrowed the gap between the various exchange rates.»
That's why the previous npp government did not tell investors that they were going to use the 2007
eurobond to pay party communicators and some journalists to say
good things about their government and deceive Ghanaians into believing that they have done the unthinkable for Ghana.
Effective marketing reflected by $ 2 billion
Eurobond success Adu Boahen in the interview also disclosed that Ghana was able to raise $ 2 billion
Eurobond at comparatively lower rates because government marketed the country
well to foreign investors.
«The table on the screen shows that contrary to the claims by the president, except for the fiscal deficit, on virtually every single indicator such as GDP growth, inflation, exchange rates, exports,
Eurobond interest rates, debt to GDP ratio, and so on, the performance of the economy in 2013 was
better than 2014 and 2015.
But this year a combination of an IMF bailout programme, a US$ 1.8 billion cocoa syndicated loan, a US$ 750 million
Eurobond and the central bank's tightening of the monetary policy has led to the cedi recording one of its
best performances in recent years.
Contrary to the claims by the President, except for the fiscal deficit, on virtually every single indicator such as GDP growth, inflation, exchange rate, exports,
Eurobond interest rates, debt / GDP ratio, etc. the performance of the economy in 2013 was
better than in 2014 and 2015.
The
Eurobond market is
well developed for Canadian dollar issuers selling to foreign investors.
Structured notes with embedded swaps or other special features, as
well as private placements, floating - rate securities, and
Eurobonds are excluded from the Index.