Buying and selling exercise in Ghana’s secondary bond market surged, with turnover leaping 92.48% week-on-week to GH¢1.83bn.
Buying and selling was dominated by the February 2030 and February 2031 maturities. This accounted for 40% of whole quantity at a median Yield-To-Maturity (Y-T-M) of 27%.
General, the quick finish of the Native Foreign money Yield (LCY) curve led exercise, contributing 54% of whole turnover at a median YTM of 26%.
The stomach and tail finish made up the remaining 46% at a median YTM of 27%.
Trying forward, analysts anticipate the coupon funds to bolster market actions.
The Ministry of Finance on Monday, February 17, 2025, honoured the Fee-In-Money (PIC) coupon of GH¢6.081 billion to all Home Debt Change Programme (DDEP) bondholders.
The federal government additionally honoured the Fee-In-Sort (PIK) portion of GH¢3.46 billion, deposited into the respective bondholders’ securities accounts consistent with the Home Debt Change Programme Memorandum.
Equally, the federal government paid into the Debt Service Restoration Cedi Account (Sinking Fund) an quantity of GH¢9.7 billion as a buffer for the fifth DDEP coupon that may mature in July and August, 2025.
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