20 April 2016

Ghana Home Loans to Sell as Much as 380m Cedis Mortgage Debt

Timeline for sale of 1st tranche of mortgage-backed securities to be released in coming wks, Accra-based lender says in e-mailed statement.

* Approval by SEC “fundamentally tranforms” funding ability;
* Advisers included IC Securities;
* NOTE: Co. has funded $150m in home loans since 2006;
* NOTE: Ghana Debt Sales Bloom as Pension Funds Warm to Company Bonds. Source: Bloomberg