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FEDCO becomes first issuer to fully redeem commercial paper on Ghana’s Fixed Income Market

 


Federated Commodities PLC (FEDCO), a leading local cocoa buying company, has successfully honoured its Commercial Paper obligations, marking a major milestone following its historic listing on the Ghana Fixed Income Market (GFIM).

The company raised GHS72.5 million under the programme but paid a total of GHS78.36 million, covering both principal and interest on the facility used to fund its operations. This full redemption reflects FEDCO’s strong commitment to investor confidence and the growth of Ghana’s financial market.

The listing represented the first-ever Commercial Paper issuance on GFIM since the Ghana Stock Exchange (GSE) launched the Commercial Paper Market in 2024.

Managing Director of FEDCO, Mrs. Maria Adamu-Zibo, described the capital raised as a “strategic leap” for the company and urged other businesses to consider GFIM as a viable platform for raising funds. She added that although the final repayment date was scheduled for August 17, 2025, FEDCO completed the settlement ahead of time.

We are an organisation that lives up to our promise,” she assured.

The Commercial Paper Market provides a transparent avenue for short-term corporate financing, and FEDCO’s successful redemption is expected to open doors for more issuers to tap into this innovative capital-raising window.

The transaction was facilitated by First Atlantic Bank Ghana, First Atlantic Brokers, Deloitte Ghana, G.A. Sarpong & Co., Glico General, GCB Bank PLC, the Central Securities Depository (CSD), and Beacon Ratings.

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