Debt Ghana has issued $750 million of bonds, in the first debt issuance by the country. The deal is also the first international issue by any sub-Saharan nation (excluding South Africa) for 30 years. UBS and Citigroup acted as joint lead managers on the sovereign bond issuance. The debt was offered to American institutional investors under Rule 144A. Denton Wilde Sapte advised the Ghanaian government, with Cravath Swaine & Moore assisting on US law. Clifford Chance represented the lead managers.
November 01 2007