United Capital Group has successfully led the issuance of Sierra Leone’s first local currency corporate bond, valued at SLE32 million (approximately US$1.4 million).
Acting as the financial adviser, United Capital’s investment banking division provided expert structuring, financial advisory, and fundraising services to LAPO SL, a microfinance institution supporting small and medium enterprises, particularly women from low-income households.
Gbadebo Adenrele, Managing Director of Investment Banking at United Capital, highlighted the importance of this transaction in strengthening Sierra Leone’s capital market.
Group CEO Peter Ashade emphasized the pan-African impact of the bond issuance, noting it as part of United Capital’s strategy to expand its presence across Africa.
The Africa Local Currency Bond Fund served as the anchor investor, injecting SLE27 million into the transaction, signaling strong interest in Sierra Leone’s growing economy.
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