COCOBOD raises GH¢3.4bn in first cocoa notes offer, 15% below indicative GH¢4bn target
COCOBOD has raised approximately GH¢3.4 billion through its first commercial paper issuance, falling about GH¢604 million short of the indicative GH¢4 billion presented to investors. The funds were raised through Cocoa Capital PLC, the wholly owned company established by COCOBOD to borrow from investors under its new domestic financing programme. According to the published results, […]
COCOBOD has successfully raised GH¢3.4 billion through its inaugural commercial paper issuance, falling approximately GH¢604 million short of the initially projected GH¢4 billion target. The funds were secured via Cocoa Capital PLC, a wholly-owned entity established by COCOBOD to borrow from investors under its newly implemented domestic financing program.
Out of the total raised, GH¢3.39 billion was offered at a yield of 11%. These notes were issued on October 5, 2026 and will mature on June 28, 2027. This amount represents around 85% of the initial financing plan for the first tranche. However, it's important to note that the GH¢4 billion was merely an indicative figure in the investor presentation, signifying that the actual amount received is not definitively known.
The issuance also occurred later than initially planned, with the bidding window closing on September 30 after an initial October 1 target.
Written by urgent.news from MyJoyOnline Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
