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Key Parties in Domestic Debt Capital Markets Transactions


Key Parties in Domestic Debt Capital Markets Transactions
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I recently chanced on a report published by the Ghana Fixed Income Market dated January 2021 as well as the December 2020 monthly bulletin from the Central Securities Depository providing some useful information on the domestic capital market. I further delved into how the corporate bond market has performed over the years and if there were lessons we could pick to further develop and strengthen the market.
There were Nine (9) Corporate Issuers with a total shelve registration of Ghs17.6bn. Out of this amount, ESLA PLC which had a shelve registration of Ghs10bn and Daakye Trust PLC with a total issuance of Ghs5.5bn accounted for 56% and 31% respectively, controlled the biggest market share. ....

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University of New Mexico, NM -- Moody's assigns Aa3 to University of New Mexico's (NM) Series 2021 bonds; outlook stable

Moody's Investors Service has assigned a Aa3 rating to the University of New Mexico's (UNM) (NM) planned approximately $76 million Taxable Subordinate Lien System Refunding Revenue Bonds, Series 2021 (fixed rate, maturing 2035) to be issued by the Board of Regents of the University of New Mexico. The assignment of the Aa3 rating reflects UNM's role as the flagship public university, academic medical center and significant healthcare provider for the State of New Mexico (Aa2 stable), with a large and growing $2.7 billion scope of operations. UNM currently has modest direct debt burden and good debt service coverage supported by historically sound state capital support. ....

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