Dalex Finance, a well-known financial institution in the country, has reported the successful completion of the full payment of its outstanding Tranche D1 GHS150 million domestic medium-term note issuance.
This payment, as stated by Dalex finance, is a key milestone for the company and demonstrates its commitment to meeting its financial responsibilities.
Dalex Finance in its statement released extended its gratitude to the investors that participated in the 5-year note issuance, which began in 2018.
The management team of the company recognized the critical role that these investors played in assisting Dalex Finance’s growth and sustainability in the face of a hard macroeconomic environment.
Mr. Ken Thompson, the Chief Executive Officer of Dalex Finance, expressed his gratitude, saying, “Your investment has shown confidence and strengthened the position of Dalex Finance in this challenging macro environment, allowing us to deliver value to shareholders.”
The CEO further stressed that, the significance of this successful repayment is to reinforce the company’s standing in the financial industry, adding that “the timely completion of the Tranche D1 payment illustrates Dalex Finance’s dedication to meeting its financial obligations and strengthens its reputation for excellent financial management.”
Dalex Tapped Into The Capital Market With Note Issuance
According to Dalex Finance’s statement, the 5-year note issuance aimed to raise capital to fuel its expansion plans and enhance its overall operations.
By issuing these medium-term notes, Dalex noted that the company effectively tapped into the capital market to secure necessary funding for its strategic initiatives, noting that “the completion of the first tranche repayment not only reflects the company’s financial stability but also underscores its ability to effectively leverage the capital market to support its growth trajectory.”
The statement further noted that the payment has strengthened the bond between the company and its valued investors, fostering a sense of partnership and collaboration, noting that it recognizes the importance of its relationship and looks forward to continuing its partnership with investors, exploring new avenues of collaboration, and seizing future opportunities for mutual growth.
In an era of rising market volatility and economic uncertainty, the Tranche D1 repayment serves as a good signal to the broader financial market. It not only demonstrates Dalex Finance’s resiliency, but it also gives investors confidence in the company’s dedication to meeting its financial responsibilities.
The successful repayment is likely to have a beneficial ripple effect across the financial system, supporting stability and instilling investor confidence in Ghana’s financial markets.
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