PETROSOL’s maiden GH₵100m corporate bond oversubscribed
PETROSOL Platinum Energy PLC, a leading ISO-certified indigenous oil marketing company, has received a historic vote of confidence by investors as its maiden GH₵100 million corporate bond has received 178% subscription.
Petrosol Platinum Energy PLC, a leading Ghanaian oil marketing company with ISO certification, has seen great investor interest as it issued its first corporate bond worth GH₵100 million. The bond, consisting of two tranches, was listed on the Ghana Fixed Income Market (GFIM) of the Ghana Stock Exchange (GSE). The Tranche 01 attracted 229% subscription, while Tranche 02 saw 128% subscription, indicating strong investor confidence in Petrosol.
The company's strategic preparation, including governance upgrades and IFRS reporting adoption, contributed to this success.
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