Stanbic IBTC Capital Leads Presco Plc’s Landmark N82.9bn Bond Issuance to Expand West African Presence
Presco Plc has successfully secured an N82.89 billion bond, with Stanbic IBTC Capital Limited acting as the lead issuing house. The seven-year, 23.75% senior unsecured fixed-rate Series I bond is part of Presco’s N150 billion bond issuance programme and is aimed at expanding its West African footprint.
Strategic Expansion into Ghana
The proceeds from this bond will be used to acquire a 100% equity stake in Ghana Oil Palm Development Company, a move that aligns with Presco’s long-term goal of becoming a leading integrated edible oil and fats business in Africa.
According to Presco Plc’s Managing Director/CEO, Reji George, this bond issuance will:
✅ Strengthen Presco’s operational efficiency
✅ Solidify its market presence beyond Nigeria
✅ Enhance its competitive edge in the palm oil sector
✅ Deliver long-term value to customers and shareholders
Industry Recognition & Market Impact
Oladele Sotubo, CEO of Stanbic IBTC Capital, highlighted that this record-breaking bond is the largest local currency corporate bond issuance in Nigeria in recent years.
“This transaction underscores our deep expertise in capital markets and commitment to delivering innovative, high-impact financial solutions,” Sotubo stated.
He emphasized that this deal not only supports Presco’s growth but also diversifies funding sources within the agricultural sector, fostering sustainable industry expansion.
Presco: A Leading Agro-Industrial Player
Presco Plc is a fully integrated agro-industrial company with:
Oil palm plantations
Palm oil mills & kernel crushing plants
️ Vegetable oil refining & fractionation facilities
With this bond issuance, Presco is poised to scale its operations and reinforce its position as a key player in the African agribusiness sector.
Key Takeaway:
Presco Plc’s N82.9 billion bond marks a significant step in its expansion strategy, strengthening its operations beyond Nigeria while boosting investor confidence in the agricultural sector.
What are your thoughts on this move? Drop a comment below! ⬇️
Presco Plc has successfully secured an N82.89 billion bond, with Stanbic IBTC Capital Limited acting as the lead issuing house. The seven-year, 23.75% senior unsecured fixed-rate Series I bond is part of Presco’s N150 billion bond issuance programme and is aimed at expanding its West African footprint.
Strategic Expansion into Ghana
The proceeds from this bond will be used to acquire a 100% equity stake in Ghana Oil Palm Development Company, a move that aligns with Presco’s long-term goal of becoming a leading integrated edible oil and fats business in Africa.
According to Presco Plc’s Managing Director/CEO, Reji George, this bond issuance will:
✅ Strengthen Presco’s operational efficiency
✅ Solidify its market presence beyond Nigeria
✅ Enhance its competitive edge in the palm oil sector
✅ Deliver long-term value to customers and shareholders
Industry Recognition & Market Impact
Oladele Sotubo, CEO of Stanbic IBTC Capital, highlighted that this record-breaking bond is the largest local currency corporate bond issuance in Nigeria in recent years.
“This transaction underscores our deep expertise in capital markets and commitment to delivering innovative, high-impact financial solutions,” Sotubo stated.
He emphasized that this deal not only supports Presco’s growth but also diversifies funding sources within the agricultural sector, fostering sustainable industry expansion.
Presco: A Leading Agro-Industrial Player
Presco Plc is a fully integrated agro-industrial company with:
Oil palm plantations
Palm oil mills & kernel crushing plants
️ Vegetable oil refining & fractionation facilities
With this bond issuance, Presco is poised to scale its operations and reinforce its position as a key player in the African agribusiness sector.
Key Takeaway:
Presco Plc’s N82.9 billion bond marks a significant step in its expansion strategy, strengthening its operations beyond Nigeria while boosting investor confidence in the agricultural sector.
What are your thoughts on this move? Drop a comment below! ⬇️