Paisalo Digital Limited has officially announced the listing of its USD 48 million worth of 7.5% Foreign Currency Convertible Bonds (FCCBs), due in 2029, on the AFRINEX Securities List (ASL). The listing came into effect from March 24, 2025.
The FCCBs, carrying the ISIN code XS2952463086, mark a significant move in the company’s funding strategy, enabling access to international capital markets and enhancing its global financial footprint.
According to the company’s official communication to stock exchanges, the listing of these bonds on AFRINEX, a prominent international exchange, is expected to provide greater visibility and credibility to its foreign currency bond issuance.
The FCCBs are expected to mature in 2029 and carry an interest rate of 7.5%, representing a strategic step in Paisalo’s capital-raising efforts. The development aligns with the company’s broader plans to diversify its funding sources and support its expansion objectives.
The company has requested stakeholders and exchanges to take this development on record.
