Kasapreko PLC uses the Ghana Stock Exchange to raise GH¢600 million.

By flymultimediaghana Mar10,2024
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As a result, the program’s GH¢151 million in series 1, tranches 1 and 2, were formally declared listed on the market by the local exchange.

Kasapreko PLC uses the Ghana Stock Exchange to raise GH600 million.
Kasapreko PLC uses the Ghana Stock Exchange to raise GH600 million.

It turns into the biggest capital raise ever made by a manufacturing company in Ghana on the fixed-income market.

Announcing

This issue is set up as a senior unsecured note that matures in three years and has a floating rate coupon with a bullet payback of the principle.

It will be distributed in installments to sustain working capital, refinance capital expenditures, and refinance costly short-term debt.

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This is the first stage in the company’s goal to diversify its funding sources and optimize the term structure of its debt financing. Over the past thirty years, Kasapreko PLC has surpassed its modest origins to become one of Ghana’s top indigenous enterprises and a leading beverage manufacturer in the country.

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