SAS Research has provided the following updates on the stock market activities in Ghana for June 15, 2021.
- MTN Ghana (-3.23%) dragged the benchmark index by 46.87 points (-1.74%) despite gains in Total Petroleum (+0.29%) to close the session at 2,648.21 with a year-to-date return of 36.39% while the market capitalization decreased by 0.80% to settle at GH¢61.54 billion.
- The GSE Financial Index recorded no gains or losses, closing at 1,885.01 with a year-to-date return of 5.74% while the SAS Manufacturing Index remained unchanged to close at 1,455.98 with a year-to-date return of -14.42%.
- A total of 2,312,088 shares valued at GH¢3,191,970 changed hands from 2,402,784 shares valued at GH¢2,985,387 in the previous session. GOIL Company dominated trades by both volumes and value, accounting for 53.22% of the total volumes traded and 59.76% of the total value traded. We anticipate activity levels to increase.
- ETI successfully launches US$350 million 10NC5 year Tier 2 Sustainability Notes
- Ecobank Transnational Incorporated (GSE: ETI)
- Ecobank Transnational Incorporated (ETI), the Lomé based parent company of the Ecobank Group is pleased to announce that it has successfully raised US$350 million Tier 2 Sustainability Notes.
- This Tier 2 issuance is the first to have a Basel III-complaint 10NC5 structure outside South Africa in 144A/RegS format and will be listed on the main market of the London Stock Exchange.
- The bond which matures in June 2031 has a call option in June 2026 and was issued with a coupon of 8.75% with interest payable semi-annually in arrears.
- An equivalent amount of the net proceeds from the notes will be used by ETI to finance and re-finance new or existing eligible assets as described in ETI’s Sustainable Finance Framework.
- Investor interest for this Sophomore Eurobond issue was global, achieving a 3.6x oversubscribed orderbook, of over US$1.3 billion at its peak.
SOURCE: SAS Research