Ghana Plans $935 Million Debut Domestic Infrastructure Bond Sale

Ghana is planning to raise 10 billion cedis ($935 million) in its first domestic infrastructure bond issuance to fund roads and interchanges in the West African nation, according to two people familiar with the matter.

The sale is expected to be split into two tranches of 5 billion cedis each, issued in the first and second halves of the year with longer-dated tenures, according to one of the people. Details of this and other domestic bond offerings will be published in an issuance calendar later this month, said the people, who asked not to be identified because the talks are private.