Sierra Leone recently closed on its first local currency corporate bond, which has the potential to diversify the domestic capital market and attract international and local investors. We congratulate our Invest Salone colleagues on their efforts to facilitate this important financial milestone. #CorporateBonds #SierraLeone https://lnkd.in/epwtr4xF
“Access to finance remains a critical constraint to private sector growth in Sierra Leone. Yet many financial institutions are undercapitalised and struggle to extend loans to growth-oriented customers, so many local businesses resort to bank overdrafts as the only option to satisfy their financing needs. In this context, corporate bonds represent an exciting alternative to bank loans, particularly for companies that need longer-term resources.” – Christina Clark-Lowes, Invest Salone’s Investment Lead. #ICYMI, Sierra Leone’s nascent capital market achieved a significant milestone on 12 June 2024 with the successful closure of the country’s first local currency corporate bond, approved by the Bank of Sierra Leone. Read more: https://bit.ly/3Vw7Zqo ALCB Fund Foreign, Commonwealth and Development Office United Capital Plc LAPO Microfinance PENNARTH GREENE CAPITAL LIMITED TCX Bank of Sierra Leone