Ghana, the first sub-Saharan African country outside of South Africa to sell Eurobonds, plans to seek at least $1 billion in a second offer this year, according to two people with knowledge of the plans.
The West African nation is inviting bids for advisers on the transaction, the people said, who asked not to be identified because the information isn’t public yet.
Ghana sold its debut $750 million Eurobond in September 2007 at 8.5 percent. Finance Minister Seth Terkper said on Dec. 15 Ghana was planning to seek the same amount in the second sale to replace existing debt. “We are getting advice on it,” he said by phone from Washington today, declining to give details.
Read more at bloomberg.com