Quantum Terminals is issuing a 45m cedi ($10m) ten-year corporate bond on the Ghanaian Stock Exchange to finance its liquefied petroleum gas storage business. The bond, the first tranche of a 140m cedi bond programme by the company, will have a 75% partial credit guarantee from Private Infrastructure Development Group (PIDG) company GuarantCo for the benefit of pension fund investors. The issue is the first corporate bond to be issued by a non-financial institution in Ghana as well as the first ten-year tenor in the Ghanaian corporate bond market.
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