Ghana approved to raise bonds without World Bank backing

September 22, 2015 4:01 PM

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LONDON, Sept 22 (IFR) - The Republic of Ghana has approvals to issue an additional Eurobond in 2015 without a World Bank-linked guarantee, according to ratings agency Moody's.

This means that Ghana could come to the market twice in the remaining months of the year, after the sovereign mandated banks earlier on Tuesday to arrange a Eurobond that has a guarantee of up to US$400m from the International Development Association, a member of the World Bank Group.

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