Quantum Terminals Group (QTG), a leading energy infrastructure developer in Ghana, has a listed bond at London Stock Exchange’s International Securities Market. QTG listed a GHS 45 million (USD 10 million) corporate bond, guaranteed by GuarantCo, to support the operations of its liquid petroleum gas (LPG) storage business.

To celebrate the launch, London’s markets were opened by Harriett Baldwin, the Minister of State for Africa, His Excellency Papa Owusu-Ankomah, Ghana’s High Commissioner to the United Kingdom and Emmanuel Egyei-Mensah, Executive Director of Quantum Terminals Group.

The QTG bond is the first local currency bond from Ghana and West Africa to be listed on the London Stock Exchange. In May 2018, the bond was listed on the Ghana Stock Exchange as the first 10-year tenor bond issued by the non-financial institution on the Ghana Fixed Income Market.

The bond has a 75% partial credit guarantee from GuarantCo, the PODG’s private fund for the benefit of local pension fund investors that have subscribed to the issue.

This is the first installment of a planned GHS 140 million bond program by QTG. The bond ‘s innovative nature and ability to strengthen capital markets in Ghana is in line with GuarantCo’ s vision to support local currency financing for infrastructure projects in lower income countries to assist with the alleviation of poverty. This bond issuance is expected to have a significant demonstrative effect in Ghana.