DUBAI (Standard&Poor's) Sept. 5, 2014--Standard&Poor's Ratings Services said today that it has assigned its 'B' long-term issue credit rating to the proposed senior unsecured bond to be issued by the Republic of Ghana (B/Negative/B). The amount and interest rate, among other details of the bond, will be determined during the placement. The proposed bond will be Ghana's third international placement since its $750 million debut bond in September 2007 and a $750 million bond issued in July 2013. We understand the proceeds of this senior unsecured debt will be used primarily for government capital expenditures, with the remainder used to repay outstanding short-term domestic debt. RELATED CRITERIA AND RESEARCH Related criteria Sovereign Government Rating Methodology And
