STATUS-REPORT-APRIL-2019.Pdf

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STATUS-REPORT-APRIL-2019.Pdf GHANA FIXED INCOME MARKET SUMMARY OF STATUS REPORT APRIL 2019 1 MEMBERSHIP GFIM as at the end of April 2019 has 38 registered members categorized as follows: LICENSED DEALING MEMBERS PRIMARY DEALER BANKS 1. African Alliance Securities Limited 1. Access Bank Ghana Limited 2. Black Star Brokerage Limited 2. ARB Apex Bank 3. Bullion Securities Limited 3. Barclays Bank Ghana Limited 4. Cal Brokers Limited 4. Cal Bank Ghana Limited 5. CDH Securities Limited 5. Consolidated Bank Ghana Limited 6. Databank Brokerage Limited 6. Ecobank Ghana Limited 7. EDC Stockbrokers Limited 7. Fidelity Bank Ghana Limited 8. Gold Coast Brokerage Limited 8. GCB Bank Limited 9. Republic Securities Ghana Limited 9. Guaranty Trust Bank Ghana Limited 10. IC Securities Limited 10. Societe Generale Ghana Limited 11. Liberty Securities Limited 11. Stanbic Bank Limited 12. NTHC Ltd 12. Standard Chartered Bank Limited 13. Prudential Stockbrokers Limited 13. Universal Merchant Bank 14. SBG Securities Ghana Limited 15. SIC Financial Services Limited 16. Strategic African Securities Limited 17. UMB Stock Brokers Ltd NON - PRIMARY DEALER BANKS 1. Agricultural Development Bank 2. Bank of Africa Ghana Ltd 3. First Atlantic Bank Ghana Ltd 4. First National Bank GH. Ltd 5. Prudential Bank Limited 6. Republic Bank Ghana Limited 7. UBA Ghana Limited 8. Zenith Bank Ghana Ltd 2 SUMMARY OF SECURITIES Benchmark Securities: 9 3yr Government bond- 1 5yr Government bond-5 7yr Government bond-1 10yr Government bond-1 15yr Government bond-1 Non-Benchmark Securities: 21 3yr Government bond-11 5yr Government bond-5 6yr Government bond-1 7yr Government bond-3 10yr Government bond-1 Treasury Notes: 36 1yr Government note- 17 2yr Government note- 19 Treasury Bills: 64 364 day bill-9 182 day bill-26 91 day bill-13 Ghana Cocoa Bill-16 Local US dollar 3-year bond-2 Eurobond-6 Corporate Bonds AFB Ghana Plc 16 Bayport Financial Services (Ghana) 9 Edendale Properties 3 Izwe Loans Ghana 6 PBC Ghana Limited 1 E.S.L.A. Plc 2 Ghana Home Loans Limited 2 Bond Savings and Loans Ltd 11 Quantum Terminal Ltd 1 Dalex Finance and Leasing Company Ltd 1 3 GHANA GOVERNMENT SECURITIES TOTAL OUSTANDING SECURITIES AS AT APRIL 2019 2019 2018 TENOR OF SECURITY AMOUNT GH₵ AMOUNT GH₵ 91-DAY 6,952,674,935 4,894,054,164 182-DAY 3,328,290,369 2,903,713,207 364-DAY 2,503,952,026 - 1-YEAR 3,596,305,504 2,619,695,420 2-YEAR 13,387,689,327 7,526,296,252 3-YEAR 10,455,578,596 8,258,061,383 5-YEAR 13,722,744,826 13,194,203,758 6-YEAR 370,308,430 - 7-YEAR 3,258,128,844 2,960,388,228 10-YEAR 7,861,167,635 7,409,571,635 15-YEAR 4,793,780,961 8,981,530,961 TOTAL 70,230,621,453 58,747,515,008 SECURITIES TRADED ISSUER NAME DESCRIPTION VALUE TRADED NUMBER OF TRADES ESLA 7 YR FXR BOND 69,785,292.30 104 ESLA 10 YR FXR BOND 333,709.47 1 ESLA 10 YR FXR BOND 238,600,696.50 101 AFB(GHANA) 5 YR FLR BOND 100,105.86 1 BAYPORT FINANCIAL 5 YR FXR BOND 15,057.69 1 GOVT OF GHANA 91 DAY BILL 33,246.77 6 GOVT OF GHANA 91 DAY BILL 96,613,759.39 4282 GOVT OF GHANA 182 DAY BILL 396,997.02 2 GOVT OF GHANA 182 DAY BILL 30,235,633.32 1046 GOVT OF GHANA 182 DAY BILL 22,196.49 7 GOVT OF GHANA 364 DAY BILL 48,027,438.98 158 GOVT OF GHANA 1 YR FXR NOTE 22,430,089.46 46 GOVT OF GHANA 2 YR FXR NOTE 167,017.68 8 GOVT OF GHANA 2 YR FXR NOTE 438,689,150.76 635 GOVT OF GHANA 3 YR FXR BOND 260,282.64 1 GOVT OF GHANA 3 YR FXR BOND 712,421,218.05 400 GOVT OF GHANA 5 YR FXR BOND 1,061,635,469.40 583 GOVT OF GHANA 5 YR FXR BOND 278,379.23 1 GOVT OF GHANA 6 YR FXR BOND 69,936,827.77 28 GOVT OF GHANA 7 YR FXR BOND 105,587.07 1 GOVT OF GHANA 7 YR FXR BOND 506,869,210.42 177 GOVT OF GHANA 10 YR FXR BOND 211,680,343.74 85 GOVT OF GHANA 15 YR FXR BOND 46,127,490.05 13 COCOA BOARD 182 DAY COCOA BILL 176,720,924.50 344 COCOA BOARD 182 DAY COCOA BILL 49,392.10 1 COCOA BOARD 1 YR FXR NOTE 999,992.70 1 BARCLAYS BANK OF 18,692,459.58 60 GHANA* TOTAL 3,751,227,968.94 8,093 * This is not listed on the Ghana Fixed Income Market 4 GHANA CORPORATE SECURITIES SUMMARY OF CORPORATE BONDS LISTING Name of Issuer Number Amount Raised Shelf Registration GH¢ GH¢ Izwe Loans Ltd 6 80.00 million 80 million AFB Plc 17 287.07 million 300 million Edendale Properties Ltd 6 32.65 million 50 million Bayport Financial Services 8 764.37 million 700 million Ghana Home Loans 2 19.00 million 380 million PBC Ltd 2 362.30 million 400 million ESLA Ltd 2 5,664.09million 10,000million Bond Savings & Loans 9 62.13 million 100 million Quantum Terminal Ltd 1 45 million 140 million Dalex Finance Company 1 20.00 million 150 million TOTAL 53 7,336.61 million 12,300.00 million AMOUNT RAISED SO FAR AGAINST SHELF REGISTRATION 900 800 700 600 500 400 300 200 AMOUNT RAISED 100 0 SHELF REGISTRATION 5 VOLUME OF TRADES MONTH CSD BLOOMBERG 2019 2018 2017 2019 2018 2017 January 3,223,772,603 3,310,692,897 3,005,951,273 255,030,000 158,577,000 320,384,000 February 4,426,450,387 4,258,519,930 1,921,050,863 306,885,000 295,088,000 44,477,000 March 4,175,583,301 3,160,168,133 2,474,848,604 219,275,000 51,600,000 266,392,000 April 3,749.914,983 1,801,991,461 1,867,904,509 98,229,000 97,200,000 192,371,000 May 3,164,111,390 2,118,923,894 34,000,000 143,650,000 June 3,285,363,905 1,650,430,204 482,740,000 120,545,000 July 2,961,819,671 1,766,518,140 548,047,000 84,287,000 August 3,358,380,590 5,028,535,721 658,394,000 244,746,000 September 3,491,312,515 2,082,485,694 473,026,000 145,194,000 October 3,067,371,443 1,818,679,237 262,240,000 47,513,000 November 2,904,757,781 2,264,724,234 276,221,000 158,612,000 December 3,100,828,155 4,703,651,380 262,055,000 71,478,000 TOTAL 11,825,806,291 37,865,317,843 30,703,703,753 879,419,000 3,599,188,000 1,839,649,000 CAPIZAR ATS MONTH 2019 2018 January 150,000 - February - - March 73,502 - April - - May - June 430,000 July 300,000 August - September - October - November 169,433 December - TOTAL 223,502 899,433 NUMBER OF TRADES (2017 TO 2019) MONTH CSD BLOOMBERG 2019 2018 2017 2019 2018 2017 January 8,009 7,521 18,487 83 108 84 February 7,724 5,960 7,281 84 62 32 March 10,214 5,706 11,012 72 27 254 April 8,079 8,176 6,900 74 36 106 May 8,674 6,319 21 101 June 6,384 8,643 132 82 July 5,746 10,165 126 62 August 6,824 9,283 182 86 September 6,106 8,119 118 99 October 8,197 6,655 101 57 November 7,050 7,126 102 46 December 6,476 7,274 98 64 TOTAL 34,026 82,820 107,264 313 1,113 1,073 6 RANKINGS FOR APRIL2019 (BASED ON VOLUME TRADED) SELL SIDE VOLUME TOTAL MARKET TRADED TRADES SHARE % 1. STANBIC BANK GHANA LIMITED 1,103,448,332.13 768 29.39 2. BARCLAYS BANK GHANA LIMITED 567,076,704.48 542 15.10 3. ACCESS BANK GHANA LIMITED 478,143,233.03 326 12.73 4. ECOBANK GHANA LIMITED 290,951,266.52 2828 7.75 5. GUARANTY TRUST BANK (GHANA) LIMITED 248,556,476.45 69 6.62 6. STANDARD CHARTERED BANK GHANA 224,213,951.90 997 5.97 7. FIDELITY BANK (GHANA) LIMITED 200,822,756.29 602 5.35 8. GCB BANK LIMITED 134,298,045.18 635 3.58 9. ZENITH BANK GHANA LIMITED 120,967,356.42 170 3.22 10. SOCIETE GENERALE GHANA LIMITED 91,532,919.97 322 2.44 11. IC SECURITIES (GHANA) LIMITED. 51,976,670.67 58 1.38 12. CAL BROKERS LIMITED 33,413,308.36 58 0.89 13. FIRST ATLANTIC BANK 32,331,784.77 15 0.86 14. CAL BANK LIMITED 23,983,742.69 215 0.64 15. UNITED BANK FOR AFRICA GHANA LIMITED 22,024,794.13 40 0.59 16. UNIVERSAL MERCHANT BANK LIMITED 16,551,983.77 46 0.44 17. STRATEGIC AFRICAN SECURITIES 16,035,911.02 38 0.43 18. FIRST NATIONAL BANK GHANA LIMITED 16,234,862.16 36 0.43 19. REPUBLIC SECURITIES (GHANA) LTD 14,940,051.80 5 0.40 20. ARB APEX BANK LIMITED* 14,191,070.97 21 0.38 21. BLACK STAR BROKERAGE LTD 11,737,705.23 7 0.31 22.
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