Kasapreko PLC, a manufacturing firm, has successfully listed the first tranche of a GH¢600 million bond onto the Ghana Fixed Income Market (GFIM). The bond, which was 100% subscribed, is worth GH¢150 million and represents the single largest capital raise on the market.
According to Richard Adjei, the Managing Director of Kasapreko PLC, the fund raised through the bond will be used to support the company’s expansion projects and other outlined programmes. He also stated that this move will enhance investor confidence in the firm and contribute to the growth of Ghana’s economy.
This strategic move by Kasapreko PLC to list the bond on the GFIM reaffirms the company’s commitment to sustainable growth and operational excellence within Ghana’s economic landscape. The bond is being raised with the support of local banks and capital market operators.
Kasapreko PLC is the first manufacturing company to raise a corporate bond in Ghana, and its successful listing on the GFIM is a significant milestone for the company. Abena Amoah, the Managing Director of the Ghana Stock Exchange, seized the opportunity to encourage other corporate bodies to utilize the capital market to diversify their fund portfolios.
Kasapreko PLC is known for its wide range of products sold worldwide under various brands in the bitters, whiskey, and other drinks category. This milestone further solidifies the company’s position in the market and its contribution to the economic growth of Ghana.
