A leading micro-lending company, IZWE Savings and Loans Plc has announced the listing of Tranche A19 of its GH¢150 million Bond Programme on the Ghana Fixed Income Market of the Ghana Stock Exchange. IZWE will be trading under the ticker “ISLA19-3Y27” at a coupon rate of 23.00% with a Bi-Annual coupon payment cycle.
The 3-Year Senior Unsecured Fixed Rate Note issued on the 12th of April 2024 has a maturity date of 9th April 2027. This listing follows the successes of previous tranches which were oversubscribed. The allotted amount for Tranche A19 is GH¢25,000,000.
IZWE has a strong track record of delivering innovative and tailored financial solutions to its clients. The company has a robust risk management framework and is committed to maintaining the highest standards of corporate governance. The listing of Tranche A19 on the Ghana Fixed Income Market will provide investors with an opportunity to invest in a high-quality, fixed-income security backed by the solid reputation of IZWE. It is expected to be a popular investment option for both institutional and retail investors looking for reliable returns.