Federated Commodities Redeems GHS 78.36m Commercial Paper Ahead of Maturity
Federated Commodities PLC has completed the full redemption of its 150-day commercial paper, transferring GHS 78.36 million to its paying agent, GCB Bank, in a series of scheduled settlements ahead of the instrument’s maturity date.
The redemption comprised GHS 72.55 million in principal and GHS 5.81 million in interest, disbursed in four tranches between 3 July and 12 August.
Payments ranged from GHS 16.46 million to GHS 22.72 million, according to figures released by the company.
With the maturity date falling over a weekend, the outstanding balance will be settled on August 15, 2025, — the preceding business day — in line with market convention.
The company says the early settlement schedule ensures timely payment to noteholders and reaffirms its commitment to maintaining investor confidence.
