Investors say no thanks to Ghana debt offering yield above 20%

In a world awash with negative yields, Ghana offered debt returning more than 20% — and investors weren’t interested. The West African nation sold 162.1 million cedis ($30 million) of 20-year bonds Thursday with a yield of 20.2%, well short of its target of raising 450 million cedis, as investors balked at the term and … Continue reading Investors say no thanks to Ghana debt offering yield above 20%