The Government of Ghana secured GHS 3.34 billion through the latest Treasury Bills issuance, surpassing its target of GHS 3.24 billion by GHS 96 million, marking a 2.9% oversubscription rate.
This achievement underscores robust investor confidence in the nation’s debt instruments.
Market Movements
Yields across the three tenors experienced marginal reductions, with the 91-day and 182-day bills decreasing by 0.08% and 0.06% respectively.
The yield on the 364 day tenor however remained constant at 27.78%.
The 91-day bill settled at 24.78%, while the 182-day bill closed at 26.74%. The 364-day bill yield remained unchanged at 27.78%, reflecting steady demand.
Subscription Breakdown
The 91-day bill attracted the highest subscriptions, amassing GHS 2.51 billion.
The 182-day bill followed with GHS 651 million, and the 364-day bill garnered GHS 182 million in successful bids.
Meanwhile, the Treasury has set an ambitious target of GHS 4.72 billion for the next T-bill auction, indicating confidence in continued strong investor interest.
The robust performance in the Treasury bills market reflects a resilient demand and steady confidence in Ghana’s debt instruments amidst a recovering economic landscape.
Norvanreports