April 12, 2018 / 4:08 PM / 13 days ago

Ghana sells 809.89 mln cedis ($182 mln) of 7-yr bonds at 16.25 pct yield

ACCRA, April 12 (Reuters) - Ghana sold 809.89 million cedis ($182 mln) worth of seven-year domestic bonds issued on Thursday and will pay a yield of 16.25 percent, joint transaction arrangers Barclays Bank Ghana said.

Initial guidance for the bond, open to non-resident Ghanaians, was in the range of 15.75 percent and 16.25 percent. Total bids tendered for the paper was 824.89 million cedis.

$1= 4.4350 cedis Reporting by Kwasi Kpodo Editing by Joe Bavier

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