GHS 200m Senior Unsecured Fixed Rate Notes Issuance for Kasapreko PLC
17 Sep 2024
Country
Ghana
Year
2024
Sector
Consumer
Business Unit
Debt Capital Markets
|
Investment Banking
Specific Role
Joint Lead Arranger and Bookrunner
This transaction marks a historic moment in Ghana’s corporate debt capital markets. It grossed the largest amount ever raised by a corporate in a single issuance, standing as a milestone for both the Issuer and the broader market.
Kasapreko is a leading Ghanaian manufacturer of alcoholic and non-alcoholic beverages. Their flagship products, including Alomo Bitters Cocoa Liqueur and Awake bottled mineral water, dominate the Ghanaian market with a near 45% market share.
As the first corporate to implement the bookbuild auction methodology to achieve price discovery for the notes, this issuance sets a new bar for innovation and excellence and cements Kasapreko's leadership status in Ghana’s capital markets.
Stanbic Bank Ghana’s role as Joint Lead Arranger and Bookrunner on this deal highlights our commitment to supporting Kasapreko as they continue to optimize their capital structure and drive growth in a challenging economic environment. This transaction not only sets the tone for future corporate bond issuances but also highlights our continued focus on providing best-in-class debt capital markets advisory services in Ghana.