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Afb Ghana, a subsidiary of Letshego Holdings Limited, has increased its bond by two-thirds, or about 648 million pesos, according to a report of the company. The head office in Gaborone
Afb Ghana, which was acquired last January, continues to show growth with bonds that managed to get a good rating last year.
This is largely due to the impressive track record of the company. The report, dated July 9, indicates that Global Credit Rating attributes to Afb Ghana its strong reputation for sustainable multi-loan product strategy, based on the expertise of its parent company, Letshego Holdings Limited. diversification of funding sources, large capitalization and improved profit profile.
The report also mentions the Qwikloan solut solution recently launched by Afb Ghana. Speaking of the results, pleased CEO of Afb Ghana, Arnold Parker, said the company's bond program remains a valuable part of its financing strategy. [19659004] "Our increased access to finance not only allows us to leverage more capital to support expansion strategies, but also saves money by securing funding in local currency and longer terms. These are all elements that help diversify our risks, "he said proudly.
Parker also noted that Ab Ghana recently raised an additional 95 million GHS (P203, 280, 175) in new bond issues from primarily local investors.
He added that the issuance of new bonds at 5, 6 and 7 years was again oversubscribed and attributable to the strong Afb record as well as the rating of the listed bonds.
"Our BBB + (GH) Bond Credit Rating It adds that Letshego and Afb Ghana remain committed to focusing their growth strategy in Ghana to harness the potential of local businesses and ensure long-term sustainable growth. [19659010]
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