Ghanaian Real Estate Company, Edendale Properties PLC has been given approval by the Securities and Exchange Commission (SEC) and the Ghana Stock Exchange (GSE) to list its maiden bond offer on the Ghanaian market.

Consequently, Edendale is introducing to the Ghanaian market a GH¢50,000,000 listed secured debt program with duration of between 3 to 5 years.

With a minimum of GH¢50,000 anyone can invest in the Edendale Properties bond offer.

The bond offer is being executed through the Ghana Alternative Exchange of the GSE and the purpose of the note program is to refinance and extend existing debt maturities as well as provide working capital.

The real estate company is hoping to raise and list the first tranche of GH¢15,000,000 by middle of November, 2015. Interest on the offer will be paid bi-annually.

 Speaking to JOY BUSINESS at the launch of the note programme, Managing Director of Edendale Properties said the debt program would provide investors with an opportunity to grow their wealth in the medium term.                                               

Total assets of Edendale Properties are valued over $33 million USD. Edendale has acquired strategic real estate assets in prime locations such as Airport Residential Area, Cantonments, Ringway and East Legon among others.

On December 2013, Edendale Properties Limited was established as a real estate investment and holding company