Letshego raises $24 million in debt in quick return to note market
What's the deal? Letshego GhanaDealroom has a profile for this one. Try Dealroom → has raised 327,200,000 BWP (about $24 million) through a fresh issuance of debt securities. The notes were sold under the group's amended and restated P3.5 billion Medium Term Note Programme.
Why now? The raise marks a quick return to the debt market, adding to the Botswana-based financial services group's funding base. It builds directly on its existing note programme rather than launching a new instrument.
What's the endgame? The issuance expands Letshego's funding pool, giving it more capital to deploy across its lending operations. Drawing on an established programme lets the group tap investors without setting up fresh structures.
The signal: A fast follow-on raise points to steady investor appetite for African financial services debt. For lenders like Letshego, ready access to note markets is what keeps the loan book growing.
Read more: sundaystandard.info
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