Kasapreko PLC, a trailblazer in the alcoholic and non-alcoholic beverage sector, has unveiled plans to list a GHS600 million bond on the Ghana Fixed Income Market at the Ghana Stock Exchange. This milestone initiative reflects KPLC’s dedication to fostering growth and operational excellence within Ghana’s dynamic economic environment. The company has commenced the listing process for Tranche 01 of its GHS600 million Bond Programme.
Tranche 01 comprises a GHS150 million three-year senior unsecured fixed-rate note, with an issue date of January 29, 2024, and a maturity date of January 29, 2027. It has garnered full subscription on the capital market, marking the largest capital raise to date on the Ghana Fixed Income Market. The note offers a competitive coupon rate of 26%, with bi-annual coupon payment cycles scheduled for July 26 and January 29.
Richard Adjei, Managing Director at Kasapreko PLC, expressed profound optimism regarding the listing, stating, “As the inaugural manufacturing company to introduce a corporate bond in Ghana, we embark on this significant journey with enthusiasm. The listing of our GHS600 million bond underscores our unwavering commitment to sustainable growth and underscores our confidence in Ghana’s vibrant economic landscape. We believe this bond issuance will propel us forward, solidifying our position as a leader in the beverage industry.”
The introduction of the GHS600 million bond on the Ghana Fixed Income Market underscores KPLC’s commitment to driving economic development, fostering job creation, and adding value within Ghana. With a focus on innovation and expansion, Kasapreko PLC remains dedicated to delivering unrivaled quality and excellence to consumers worldwide.
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