Ghana lists new US$1bn bond on the Irish Stock Exchange
The Sub-Saharan Africa country Ghana has listed a new debt instrument on the Irish Stock Exchange (ISE). The US$1bn 10.75% notes will mature in 2030 and are admitted to the Main Securities Market (MSM).
It is the first listing by Ghana to be guaranteed by the International Development Association (IDA), part of the World Bank. IDA helps the world’s poorest countries by providing loans and grants for programs that boost economic growth, reduce inequalities, and improve people’s living conditions.
This is the third debt listing by Ghana on the MSM, following on from US$1bn listings in 2013 and 2014.