Domestic Capital Market Still A Viable Source Of Funding – Kobby Bentsi-Enchill

The Head of Investment Banking at Stanbic Bank Ghana, Kobby Bentsi-Enchill, has emphasized the importance of the domestic capital market as a viable and sustainable source of funding for businesses.

This resounding success reaffirms Letshego Ghana’s standing as a trusted and reliable corporate bond issuer within the Ghanaian debt capital markets.

It also underscores the growing significance of domestic capital markets as a viable alternative funding avenue for corporate entities.”He added that “The competitive pricing achieved in both series at a time when interest rates on traditional commercial credit facilities hovered around an average of 35% is a further testament that the domestic capital markets remain a viable and sustainable funding avenue that businesses should critically explore in their pursuit of funding alternatives.”Mr.

Together, we will continue to build a resilient and prosperous financial sector for the benefit of all and call on well-meaning giants of corporate Ghana to look to the capital markets to augment their funding needs including working capital requirements.”Letshego Ghana’s Dual Offer achieved tremendous success, which saw the Issuer raise a 2-year fixed rate note at competitive pricing of 22 per cent and a 4-year floating rate note at 182-day treasury bill plus a premium of 1 per cent.

These two issuances represent the first and second series of notes issued under the newly established and expanded GHS 500 million Medium Term Notes Programme, marking Letshego Ghana’s return to the debt capital market for funding since 2021. 

 

 

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