PETROSOL Platinum Energy PLC has secured strong investor demand for its maiden corporate bond, attracting GH¢178.07 million in bids for a GH¢100 million offer, representing an oversubscription of 78%. The successful issuance marks a significant step for the indigenous oil marketing company as it raises funds from Ghana’s capital market to strengthen its operations and expand its retail network. PETROSOL listed its Series 1 and Series 2 Notes on the Ghana Fixed Income Market (GFIM) of the Ghana Stock Exchange (GSE) under its GH¢200 million Note Issuance Programme, which was approved by the Securities and Exchange Commission (SEC) and the GSE. The company targeted GH¢50 million each for the four-year and five-year tranches. The four-year Series 1 attracted GH¢114.28 million in bids, representing a 229% subscription, while the five-year Series 2 received GH¢63.80 million, equivalent to a 128% subscription. The strong demand came from 84 underlying investor clients, with 66 participa...