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Ghana Eurobond more than 5 times oversubscribed

In a strong indication that appetite for African sovereign debt is sharpening once again, Ghana raised $725 million in a Eurobond issue that was more than five times oversubscribed. Demand enables Ghana to reduce the yield it offered on the six-year bonds to 9.25% from the 9.5% to 10% pricing being talked about earlier.

Read more at Bloomberg…

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