The Managing Director of the Ghana Stock Exchange, Abena Amoah, has emphasized the importance of indigenous companies utilizing the Ghana Stock Exchange to secure long-term capital for business expansion, citing its positive impact on capital growth.
This follows the 100 percent fully subscribed bond issuance by Kasapreko PLC, a prominent beverage manufacturer.
“This is the culmination of more than a decade of engagements with one of our very own and we are very optimistic that it will lead to more corporate entities, especially indigenous ones, coming to the market with issuances,” she said at the listing ceremony in Accra.
The company raised a total of GH¢151.05million, marking one of the highest of such on the Ghana Fixed Income Market (GFIM). The sum came from two tranches through a senior unsecured fixed-rate note issuance of its Series 1 bond programme with a total target size of GH¢600million. The first tranche garnered GH¢103.75million and the second tranche raised an additional GH¢47.3million.
This landmark move underscores KCP’s commitment to growth and operational excellence within Ghana’s vibrant economic landscape.
Speaking on the listing, Mr. Richard Adjei, Managing Director at Kasapreko PLC, expressed profound optimism, stating, “As the first manufacturing company to raise a corporate bond in Ghana, we are thrilled to embark on this momentous journey of listing our GHS600 million bond and grateful for the confidence the market has shown in Kasapreko PLC. This strategic move not only underscores our unwavering commitment to sustainable growth but also signifies our confidence in Ghana’s vibrant economic ecosystem. We are confident that this bond issuance will enable us to accelerate our growth trajectory, further cementing our position as a beacon of excellence within the beverage industry.”
The listing of the GHS600 million bond on the Ghana Fixed Income Market serves as a testament to KCP’s dedication to fostering economic development, job creation, and value addition within Ghana. As the company continues to chart new territories and push the boundaries of innovation, Kasapreko PLC remains steadfast in its mission to deliver unparalleled quality and excellence to consumers worldwide.
About Kasapreko PLC Founded in 1989, Kasapreko PLC is a leading alcoholic and nonalcoholic beverage producer renowned for its commitment to quality and innovation. As a member of the esteemed Ghana Club 100, KCP stands as a beacon of Ghanaian corporate excellence, representing the rich heritage and culture of the nation. With a diverse portfolio of world-class products, KCL continues to redefine the beverage industry landscape, both locally and internationally,
