May 10, 2018 / 9:21 AM / in 5 months

Ghana begins marketing dual-tranche US dollar bond

LONDON, May 10 (IFR) - Ghana has opened books on a US dollar dual-tranche offering comprising amortising bonds with 10 and 30-year average lives, according to a lead.

The African sovereign is marketing a benchmark May 2029 bond in the low 8% area yield and a benchmark May 2049 tranche in the low 9% area.

The 144A/Reg S deal is today’s business via Bank of America Merrill Lynch, Citigroup, JP Morgan and Standard Chartered.

Ghana is rated B3/B-/B.

Reporting by Sudip Roy, editing by Philip Wright

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