Ghana to open bids for energy bonds worth 6 bln cedis ($1.36 bln)

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ACCRA  – Ghana will start receiving bids on Tuesday for domestic bonds worth 6 billion cedis (1.36 billion) to settle energy-sector debts that accumulated over the last decade, lead arrangers said on Monday.

The 7-year and 10-year bonds to be priced on Thursday form part of government’s plans to raise a total of 10 billion cedis to settle debts owed by power utilities to banks and bulk oil distributors.

Reporting by Kwasi Kpodo; Writing by Emma Farge; Editing by Larry King

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