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In the eyes of the central bank, any meddling with maturity or anything less than the receipt of full-payment at maturity would potentially constitute a credit event putting the nation at default.
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Political maturity was also on full display following the death of former president John Atta-Mills in July.
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The IOUs were rated AAA but yielded 100 basis points (that is, a full percentage point) more than comparable maturity AA-rated corporates at the time.
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