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    Landmark Ghana Debt Issue to Take Place This Year

    Is this the start of the PC bond market? The pitch should focus on the social good the money will buy - at B+ no one will be bragging about the finances:

    The Republic of Ghana is likely to blaze a trail through financial markets this year by becoming the first west African sovereign state to enter the inter­national bond markets with a benchmark issue that is expected to total about $500m.

    Consequently, bankers and government officials are hailing it as an event that could test the market appetite for African debt and also show whether African countries that have benefited from debt relief are able to put commercially raised capital to good use

    Ghana map


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