Citibank and Barclays are likely to be named the lead advisers for Ghana’s planned $1 billion Eurobonds this year, Reuters reports.
"It’s almost a done deal and Citibank and Barclays are likely to lead the transaction," an official close to the matter told Reuters on condition of anonymity.
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The decision could be announced as early as Tuesday following the conclusion of discussions on the matter by a special government committee, the official said.
Another source told Reuters the proposal generated strong interest from several international banks, many of which had pitched to lead the transaction scheduled tentatively for July-August.
Last week, Ghana announced plans to issue its second Eurobond worth up to $1 billion to refinance debt and fund infrastructure projects after successfully selling $750 million in 10-year bonds in 2007.
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