White & Case Advises on Ghana's Latest Issue | White & Case LLP International Law Firm, Global Law Practice
White & Case Advises on Ghana's Latest Issue

White & Case Advises on Ghana's Latest Issue

Global law firm White & Case LLP has advised Citigroup and Barclays as Dealer Managers and Joint Lead Managers on the Republic of Ghana's US$1 billion, 7.875 per cent Reg S/Rule 144A Eurobond issue.

The deal comprised an issue of US$750 million in new Notes and an exchange offer of US$250 million in new Notes issued by Ghana in exchange for its existing Notes issued in 2007. The new Notes are due in 2023 and are listed on the Irish Stock Exchange.

"We're proud to continue our market leading track record in sub-Saharan Africa’s sovereign debt market," said London-based White & Case partner Melissa Butler. "The Firm has acted in more than 90 percent of the public Eurobond issues by sub-Saharan African sovereigns, excluding South Africa, over the past few years."

White & Case has a leading practice advising on sovereign mandates, with an impressive track record in Africa. As the appetite for risk of this sort has grown, ten sovereigns in sub-Saharan Africa (excluding South Africa) have come to the public Eurobond market (with three issuers coming to the market twice).

The White & Case team was led by London-based partners Melissa Butler and Stuart Matty with support from associates Chris Horte and Marette Kemp.

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