Petrosol Platinum Energy Plc has listed two series of notes under its GH¢200 million Note Programme on the Ghana Stock Exchange’s Ghana Fixed Income Market (GFIM), providing the indigenous downstream petroleum company with longer-term financing for its expansion plans.

The listing, held on Monday, August 24, 2026, also adds another corporate issuer to Ghana’s fixed-income market as efforts continue to deepen domestic capital mobilisation.

The transaction comprises a four-year note with a fixed annual coupon of 16.25% and a five-year note carrying a fixed annual coupon of 17%.

Speaking at the listing ceremony, Chief Executive Officer and founder of Petrosol Platinum Energy, Michael Bozumbil, said the company turned to the capital market as part of efforts to strengthen its financial position and finance its next phase of growth.

He said Petrosol had expanded significantly over its 12-year history despite challenges including the COVID-19 pandemic, the banking sector crisis and broader economic difficulties.

“We found a way to grow, which requires financial capital, and the capital market is an important source of financial capital,” Mr Bozumbil said.

He said the funds would be deployed in line with the company’s five-year strategic plan, with emphasis on expanding existing operations, improving products and services, increasing market share and developing new business opportunities.

Petrosol also plans to expand its retail operations and invest in renewable energy.

Mr Bozumbil said the company had prioritised projects expected to generate the greatest value, while some other expansion plans would be pursued at a later stage.

He added that accessing the capital market would also promote greater transparency and strengthen corporate governance while allowing investors to participate in the company's growth.

“We are very, very grateful and want to assure the investors that we will use this money to achieve sustainable growth and expansion,” he said.

Mr Bozumbil expressed appreciation to investors, financial institutions, suppliers, business partners and other stakeholders who supported the transaction.

He said the strong demand for the notes demonstrated investor confidence in Petrosol and its growth prospects.

He assured investors that the company would deploy the funds in line with its stated strategic objectives and continue meeting its obligations to banks, suppliers, employees and other stakeholders.

The first tranche is a four-year note with a fixed annual coupon of 16.25%.

Interest will be paid semi-annually, beginning in February 2027, with the note scheduled to mature on August 14, 2030.

The principal will be repaid in two stages, with 30% scheduled for repayment in 2029 and the remaining 70% at maturity in 2030.

The second tranche is a five-year note carrying a fixed annual coupon of 17%.

Interest will also be paid every six months from February 2027, with maturity scheduled for August 13, 2031.

Its principal will be repaid in three stages — 20% in 2029, another 20% in 2030 and the remaining 60% at maturity in 2031.

The different maturities, coupon rates, and repayment structures give investors options based on their investment horizons and appetite for corporate fixed-income securities.

Managing Director of the Ghana Stock Exchange, Abena Amoah, described the listing as another important development for Ghana’s capital market.

She said the transaction demonstrated the opportunity available to indigenous companies seeking long-term financing.

“If we are looking for long-term patient capital, don’t look elsewhere. The stock exchange is the market for capital,” she said.

Ms Amoah encouraged more Ghanaian businesses to consider the capital market as an alternative to traditional bank financing.

She said Petrosol’s transaction represents the fourth listing on the market in eight years, reflecting a gradual increase in corporate participation in Ghana’s capital market.

The Petrosol transaction is a debt listing, rather than an initial public offering or equity listing.

The company has listed debt securities on the GFIM instead of ordinary shares on the GSE Main Market. Investors in the notes are therefore lending money to Petrosol in return for scheduled interest payments and repayment of their principal.

The notes do not give investors ownership or voting rights in the company.

The GFIM provides a platform for the trading and settlement of government and corporate fixed-income securities and has become an avenue for companies seeking to mobilise longer-term capital.

While the notes offer fixed annual coupons of 16.25% and 17%, investors also face the risks associated with corporate debt.

Unlike government securities, corporate notes depend on the issuer's financial strength and ability to generate sufficient cash flow to meet interest and principal obligations.

The Petrosol notes are senior unsecured debt, meaning they are not backed by specific collateral. However, noteholders have a senior claim relative to shareholders in the event of default or liquidation, subject to the terms of the securities and applicable law.

Investors are therefore expected to consider the company's financial position, repayment structure, terms and conditions, and risk disclosures before investing.

The Petrosol listing expands the range of corporate fixed-income securities available on Ghana's capital market while providing the company with an alternative to traditional bank financing.

For Petrosol, the transaction provides access to longer-term domestic capital to support its expansion strategy.

For investors, it offers exposure to the growth of a Ghanaian company through fixed-income securities.

The transaction is also expected to contribute to the continued development of Ghana's corporate bond market as more indigenous businesses explore the capital market as a source of long-term financing.