United Capital increases operations with corporate bond in Sierra Leone

United Capital Group, a pan-African investment banking and financial services institution, has successfully led the issuance of Sierra Leone’s first local currency corporate bond, valued at SLE32 million ($1.4 million).

The move signifies a transformative moment for Sierra Leone’s capital market. Acting as the financial adviser, United Capital through its investment banking business, provided bespoke structuring, financial advisory and fundraising services to the issuer, LAPO SL.

The issuer is a microfinance institution serving micro, small and medium enterprises (MSMEs) in Sierra Leone, with a significant focus on providing affordable loans to women from low-income households.

Managing Director of Investment Banking at United Capital Group, Dr Gbadebo Adenrele, expressed his enthusiasm about the transaction.

“We are pleased to have advised LAPO SL on this landmark transaction. It not only strengthens the corporate bond framework but also deepens the Sierra Leonean capital market. At United Capital, we are committed to enhancing the capital market ecosystem across Africa through active participation in innovative transactions like this,” the firm stated.

According to the statement, the bond issuance is a significant step in United Capital’s broader strategy to expand its footprint across the African capital markets.

The Group CEO, Peter Ashade, emphasised the pan-African impact of this transaction, saying: “This successful corporate bond issuance in Sierra Leone is a testament to our strategic focus on expanding United Capital’s presence across Africa.

“By leveraging our expertise and resources, we are unlocking new opportunities and driving economic growth across the continent. Our goal is to empower corporates and sovereign governments with tailored financial solutions that transcend borders and foster prosperity throughout Africa.”