Federated Commodities PLC (FEDCO), a leading local cocoa buying company, has successfully redeemsed/honoured its Commercial Paper, a significant milestone following its historic listing on the Ghana Fixed Income Market (GFIM).
This action demonstrates the company’s commitment to building and sustaining investor trust in Ghana’s financial market.
FEDCO raised GHS 72.5 million from the Commercial Paper programme. The company, however, paid a total of GHC78.36 million being the principal and interest on the amount raised through the commercial papers to fund its activities.
This marked the first listing on the GFIM since the Commercial Paper Market was launched by the Ghana Stock Exchange (GSE) in 2024.
The Managing Director of FEDCO, Maria Adamu-Zibo (Mrs), said the capital raised provided a “strategic leap” to the company and encouraged other businesses to explore GFIM in raising funds.
She said even though the last payment date was on August 17, 2025, the company decided to complete the payment before the due date.
“We are an organisation that lives up to our promise,” she said.
The Commercial Paper Market offers a transparent platform for short-term financing. And FEDCO’s listing is expected to pave the way for more corporate issuers to explore similar capital-raising avenues.
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.
The post FEDCO redeems Commercial Paper appeared first on The Business & Financial Times.
Read Full Story
Facebook
Twitter
Pinterest
Instagram
Google+
YouTube
LinkedIn
RSS