Kasapreko Lists GHS 200 Million Bond on Ghana Fixed Income Market
Kasapreko has listed the Series 2, Tranche 01 of its GHS 600 million bond programme on the Ghana Fixed Income Market (GFIM) of the Ghana Stock Exchange, marking a significant step in the company’s capital-raising strategy.
The tranche, amounting to GHS 200 million comprises a four-year senior unsecured fixed-rate note issued on September 17, 2024, with a maturity date of September 12, 2028.
The debt security is priced with a coupon rate of 23.5% offering investors a steady stream of returns in an environment of rising borrowing costs.
Coupon payments by Kasapreko will be made on a bi-annual basis, with the first payment scheduled for March 18, 2025, and subsequent payments occurring every 182 days until maturity.
The bond issuance underscores Kasapreko’s efforts to tap into local debt markets to fund its expansion and operational needs while offering investors a competitive fixed-income investment.
This move highlights the growing appeal of the Ghana Fixed Income Market as a viable platform for corporate entities seeking to diversify funding sources and attract local and institutional investors.
