Quantum Terminals transfers GHS10mn to GT Bank to pay interest and principal on 10-yr bond

QUANTUM announces to holders of the 1st Tranche of the 10-year Guaranteed and Secured Notes, the transfer of GHS10,006,250.00 from the Debt Service Accrual Account with Stanbic Bank Ghana Ltd to the Trust Account with Guaranty Trust Bank Ghana Ltd.

The transferred amount represents the interest of GHS5,006,250.00 and the first principle repayment of GHS5,000,000.00 payable to the noteholders on the 12th March, 2020.

This is in accordance with condition 7 of the Notes Prospectus which requires QTPLC to move funds into the Trust Account by the 10th Business Day before the Interest Payment Date.


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