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Investment
Country
Status
LAPO Microfinance I
Matured
LAPO Microfinance I
LAPO Microfinance Bank Limited was initially established as a non-governmental organization in the late 1980s. It evolved into a microfinance bank in 2010. Initially, it began operations to alleviate poverty and empower low-income individuals. Today, LAPO is one of the leading microfinance institutions in Nigeria and Sierra Leone, focusing on financial inclusion and economic empowerment.
Issue Date
Dec-17
Maturity Date
Dec-22
Sector
Issuer
LAPO Microfinance
Group
LAPO Microfinance
Reasons of Investment
ALCB has invested in this transaction to support LAPO's groundbreaking issuance as the first bond by a Nigerian microfinance institution, providing crucial scrutiny of legal documentation and committing to an investment ahead of the roadshow, thereby introducing a new issuer to the market.
Status
Matured
LCY
NGN
Investment (LCY)
2,000,000,000
Investment (USD)
5,000,000
Co-Investment (USD million)
17.14
SDG Contributions
LAPO Microfinance II
Active
LAPO Microfinance II
LAPO Microfinance Bank Limited was initially established as a non-governmental organization in the late 1980s. It evolved into a microfinance bank in 2010. Initially, it began operations to alleviate poverty and empower low-income individuals. Today, LAPO is one of the leading microfinance institutions in Nigeria and Sierra Leone, focusing on financial inclusion and economic empowerment.
Issue Date
Mar-20
Maturity Date
Mar-25
Sector
Issuer
LAPO Microfinance
Group
LAPO Microfinance
Reasons of Investment
ALCB has invested in this transaction to signal continued confidence in LAPO, encouraging local pension fund participation while providing additional liquidity for the bank to extend credit to SMEs and low-income households.
Status
Active
LCY
NGN
Investment (LCY)
1,000,000,000
Investment (USD)
2,743,484
Co-Investment (USD million)
SDG Contributions
LAPO Sierra Leone
Active
LAPO Sierra Leone
LAPO Microfinance Bank Limited was initially established as a non-governmental organization in the late 1980s. It evolved into a microfinance bank in 2010. Initially, it began operations to alleviate poverty and empower low-income individuals. Today, LAPO is one of the leading microfinance institutions in Nigeria and Sierra Leone, focusing on financial inclusion and economic empowerment.
Issue Date
Jun-24
Maturity Date
Jun-26
Sector
Issuer
LAPO Microfinance Bank Sierra Leone Ltd
Group
LAPO Microfinance
Reasons of Investment
ALCB has invested in this transaction to support the revival of Sierra Leone's debt capital market by backing a first-time issuer, marking the first corporate bond issuance since 2006 and diversifying the market beyond government bonds
Status
Active
LCY
SLE
Investment (LCY)
27,000,000
Investment (USD)
1,200,123
Co-Investment (USD million)
SDG Contributions
Lesana Lesotho I
Matured
Lesana Lesotho I
Lesana Lesotho began operations in 2012. It primarily focuses on providing unsecured incremental loans to government employees for various purposes, including housing.
Issue Date
Jun-17
Maturity Date
Jun-23
Sector
Issuer
Lesana Lesotho
Group
Select Africa
Reasons of Investment
ALCB has invested in this transaction to support Lesana's issuance as the first publicly listed bond on the Maseru Securities Market, marking a significant milestone in Lesotho's developing capital market since its establishment in 2016.
Status
Matured
LCY
LSL
Investment (LCY)
30,000,000
Investment (USD)
1,775,148
Co-Investment (USD million)
8.43
SDG Contributions
Lesana Lesotho II
Active
Lesana Lesotho II
Lesana Lesotho began operations in 2012. It primarily focuses on providing unsecured incremental loans to government employees for various purposes, including housing.
Issue Date
Mar-19
Maturity Date
Mar-27
Sector
Issuer
Lesana Lesotho
Group
Select Africa
Reasons of Investment
ALCB has reinvested in this transaction to support Lesana's issuance as the first publicly listed bond on the Maseru Securities Market. The ALCB Fund has reinvested in 2024.
Status
Active
LCY
LSL
Investment (LCY)
50,000,000
Investment (USD)
3,058,123
Co-Investment (USD million)
SDG Contributions
Lesthego Namibia
Matured
Lesthego Namibia
Letshego Namibia, a subsidiary of Letshego Holdings Limited, was founded in 2002 as Edu Loan Namibia. The company initially provided Microlending services and has since evolved to offer a variety of financial products, including personal loans, Microlending, savings accounts, and investment services.
Issue Date
May-21
Maturity Date
May-24
Sector
Issuer
Letshego Namibia
Group
Letshego Holdings
Reasons of Investment
ALCB has invested in this transaction to support a first-time issuer in Namibia's underdeveloped corporate bond market, diversifying beyond traditional issuers and playing an important role in ensuring full subscription of the bond.
Status
Matured
LCY
NAD
Investment (LCY)
71,000,000
Investment (USD)
5,000,000
Co-Investment (USD million)
12.57
SDG Contributions
Letshego Mozambique
Active
Letshego Mozambique
Letshego Mozambique is subsidiary of Letshego Holdings Limited, a pan-African inclusive finance organization headquartered in Gaborone, Botswana. Letshego has a presence in 11 countries and supports over 6.6 million consumers across Africa.
Issue Date
Aug-23
Maturity Date
Aug-25
Sector
Issuer
Letshego Mozambique
Group
Letshego Holdings
Reasons of Investment
ALCB has invested in this transaction to support a first-time issuer in Mozambique's small capital market, diversifying beyond traditional issuers and playing a crucial role in ensuring the success of this new entrant to the market.
Status
Active
LCY
MZN
Investment (LCY)
250,000,000
Investment (USD)
3,913,588
Co-Investment (USD million)
20.59
SDG Contributions
M Finance Junior
Matured
M Finance Junior
Madison Finance Company Limited (MFinance) was established in 2004 and is a Deposit Taking Financial Institution regulated by the Bank of Zambia. MFinance offers a variety of financial services including secured and unsecured loans, as well as deposit-taking activities aimed at supporting entrepreneurs and facilitating access to finance for both formal and informal sectors.
Issue Date
Oct-15
Maturity Date
Dec-23
Sector
Issuer
M Finance Zambia
Group
M Finance
Reasons of Investment
ALCB has invested in this transaction to act as a catalyst for other investors to purchase MFinance's bonds, thereby facilitating the company's development of an appropriate liability profile.
Status
Matured
LCY
ZMW
Investment (LCY)
10,000,000
Investment (USD)
376,359
Co-Investment (USD million)
2
SDG Contributions
M Finance Senior
Matured
M Finance Senior
Madison Finance Company Limited (MFinance) was established in 2004 and is a Deposit Taking Financial Institution regulated by the Bank of Zambia. MFinance offers a variety of financial services including secured and unsecured loans, as well as deposit-taking activities aimed at supporting entrepreneurs and facilitating access to finance for both formal and informal sectors.
Issue Date
Oct-15
Maturity Date
Jun-23
Sector
Issuer
M Finance Zambia
Group
M Finance
Reasons of Investment
ALCB has invested in this transaction to act as a catalyst for other investors to purchase MFinance's bonds, thereby facilitating the company's development of an appropriate liability profile.
Status
Matured
LCY
ZMW
Investment (LCY)
26,150,000
Investment (USD)
984,178
Co-Investment (USD million)
2
SDG Contributions
MWFL
Matured
MWFL
Mortgage Warehouse Funding Limited (MWFL) was established as a Special Purpose Company in Nigeria. The company's primary objective is to provide short-term local currency financing solutions. MWFL operates within the Nigerian financial sector, focusing on mortgage-related financial services
Issue Date
Aug-18
Maturity Date
May-19
Sector
Issuer
MWFL
Group
MWFL
Reasons of Investment
ALCB has invested in this transaction to support MWFL and NMRC's mortgage securitization model, enabling mortgage providers to access affordable funding in Nigeria's capital market, while stimulating future long-term bond issuances by NMRC and diversifying the market beyond large corporates and commercial banks
Status
Matured
LCY
NGN
Investment (LCY)
203,482,298
Investment (USD)
558,818
Co-Investment (USD million)
SDG Contributions
Mixta Nigeria
Matured
Mixta Nigeria
Founded in 2005, Mixta Nigeria is a real estate development company established to address the housing deficit on the African continent. Initially part of Mixta Africa, it was rebranded following its acquisition by Asset & Resource Management Company (ARM) in 2015. The company has developed more than 20,000 residential and retail units across eight countries.
Issue Date
Oct-18
Maturity Date
Oct-23
Sector
Issuer
Mixta Nigeria
Group
Mixta Africa
Reasons of Investment
ALCB has invested in this transaction to act as an anchor investor in Mixta Nigeria's first unguaranteed tranche, aiming to maximize investor reach beyond pension funds to asset managers and insurance companies seeking higher yields, following the company's previous challenges in filling the book for its guaranteed tranche due to market instability and unfamiliarity with the credi
Status
Matured
LCY
NGN
Investment (LCY)
1,320,000,000
Investment (USD)
4,000,000
Co-Investment (USD million)
3.03
SDG Contributions
Musoni Kenya
Matured
Musoni Kenya
Musoni Kenya was established in September 2009 as the first completely cashless microfinance institution in the world, allowing customers to receive and repay loans via M-PESA. By 2010, Musoni had disbursed its first loan, and since then it has expanded rapidly across Kenya, with a network of 37 branches by 2017 and over 260,000 loans disbursed by 2021.
Issue Date
Jun-18
Maturity Date
Nov-21
Sector
Issuer
Musoni Kenya
Group
Musoni Kenya
Reasons of Investment
ALCB has invested in this transaction to support bond issuance in Kenya's cautious market, acting as an anchor investor to attract smaller local institutions over the program, following a period of limited issuance due to defaults by banks and micro-lenders in recent years.
Status
Matured
LCY
KES
Investment (LCY)
250,000,000
Investment (USD)
2,474,023
Co-Investment (USD million)
3.12
SDG Contributions
NBC Tanzania Limited
Active
NBC Tanzania Limited
National Bank of Commerce (NBC) Tanzania, established in 1967, is one of the oldest commercial banks in the country. The bank operates as a subsidiary of Absa Group Limited, which holds a 55% stake, while the Government of Tanzania owns 30% and the International Finance Corporation holds 15%. NBC Tanzania offers a range of financial services through its network of 49 branches and numerous ATMs across major cities and towns.
Issue Date
Oct-24
Maturity Date
Oct-29
Sector
Issuer
National Bank of Commerce Tanzania
Group
National Bank of Commerce Tanzania
Reasons of Investment
Status
Active
LCY
TZS
Investment (LCY)
27,200,000,000
Investment (USD)
9,957,680
Co-Investment (USD million)
SDG Contributions
NMB Bank PLC
Active
NMB Bank PLC
National Microfinance Bank PLC (NMB) was established under the National Microfinance Bank Limited Incorporation Act of 1997, following the break-up of the old National Bank of Commerce2. Initially, NMB could only provide payment services and offer savings accounts with limited lending capabilities before becoming a fully-fledged universal retail bank
Issue Date
Nov-23
Maturity Date
Nov-26
Sector
Issuer
National Microfinance Bank PLC
Group
National Microfinance Bank PLC
Reasons of Investment
ALCB has invested in this transaction to support the issuance of the country's first sustainable bond, contributing to the further development of its debt capital market.
Status
Active
LCY
TZS
Investment (LCY)
2,503,000,000
Investment (USD)
1,008,468
Co-Investment (USD million)
85.79
SDG Contributions
NS Power
Active
NS Power
NS Power operates the concession to the 600 MW Shiroro Hydro-electric power plant and is seeking to raise an initial NGN 10 billion under a NGN 50 billion debt issuance program to extend the tenor of and refinance its local and foreign currency acquisition debt.
Issue Date
Feb-19
Maturity Date
Feb-34
Sector
Issuer
NS Power
Group
NS Power
Reasons of Investment
ALCB has invested in this transaction to support the first corporate sector Green Bond issuance in Nigeria by a privatized GenCo, enabling the company to access long-term institutional funding through InfraCredit, thereby addressing the limited capacity of local commercial banks to provide new loans to domestic power sector operators.
Status
Active
LCY
NGN
Investment (LCY)
360,000,000
Investment (USD)
780,285
Co-Investment (USD million)
22.54
SDG Contributions
Nedbank I
Active
Nedbank I
Nedbank was founded in Amsterdam in 1888 as the Nederlandsche Bank en Credietvereeniging. It has undergone several name changes and structural transformations, becoming one of the largest financial services groups in South Africa. Over the years, it has expanded its offerings and transformed into a comprehensive financial institution with a focus on sustainability and community service.
Issue Date
Apr-19
Maturity Date
Apr-26
Sector
Issuer
Nedbank
Group
Nedbank
Reasons of Investment
ALCB has invested in this transaction to support Nedbank's first bond issuance under its SDG Financing Framework, marking South Africa's first private-company green bond verified under Climate Bonds Standards and the first to refinance wind and solar projects in the renewable energy program.
Status
Active
LCY
ZAR
Investment (LCY)
41,000,000
Investment (USD)
2,567,217
Co-Investment (USD million)
268.93
SDG Contributions
Nedbank II
Active
Nedbank II
Nedbank was founded in Amsterdam in 1888 as the Nederlandsche Bank en Credietvereeniging. It has undergone several name changes and structural transformations, becoming one of the largest financial services groups in South Africa. Over the years, it has expanded its offerings and transformed into a comprehensive financial institution with a focus on sustainability and community service.
Issue Date
Jun-21
Maturity Date
Jun-26
Sector
Issuer
Nedbank
Group
Nedbank
Reasons of Investment
ALCB has invested in this transaction to support Africa's first Green AT1 issuance and one of the few globally, leveraging Nedbank's initiative to attach a "green pricing premium" and anchored by developmental international investors to encourage local infrastructure funds' participation, thereby enhancing South Africa's nascent green bond market.
Status
Active
LCY
ZAR
Investment (LCY)
68,000,000
Investment (USD)
5,000,000
Co-Investment (USD million)
SDG Contributions
Opportunity Bank
Matured
Opportunity Bank
Opportunity Bank Mozambique began operations as part of the Opportunity International network, focusing on serving underserved and financially excluded populations in Mozambique, particularly in rural areas. The bank operates branches across the country, offering a range of financial products including savings accounts, micro-enterprise credit, and agricultural loans. In 2016, Opportunity Bank Mozambique partnered with MyBucks S.A., a fintech company, to enhance its technological capabilities and expand its reach, aiming to increase financial inclusion throughout Mozambique.
Issue Date
Jun-18
Maturity Date
Jul-20
Sector
Issuer
Opportunity Bank
Group
MyBucks
Reasons of Investment
ALCB has invested in this transaction to support Opportunity's bond issuance, aiming to reignite the local market following a period of instability, in a context where the bond market remains small, illiquid, and fragmented, with non-sovereign issuances being rare and limited to a few issuers since 2016.
Status
Matured
LCY
MZN
Investment (LCY)
180,000,000
Investment (USD)
3,034,390
Co-Investment (USD million)
4.44
SDG Contributions
OraBank Cameroun
Matured
OraBank Cameroun
Oragroup SA is a Pan-African banking group founded in 1988, based in Lomé, Togo. It operates in 12 countries across West and Central Africa, providing a variety of banking products and services
Issue Date
Feb-19
Maturity Date
Jan-24
Sector
Issuer
OraBank Cameroun
Group
OraBank Group
Reasons of Investment
ALCB has invested in this transaction to support Oragroup's first bond issuance in the CEMAC region, a rare corporate bond in the area, with the aim of catalyzing the capital market and providing a roadmap for other regional financial institutions to access market-based funding.
Status
Matured
LCY
XAF
Investment (LCY)
3,455,000,000
Investment (USD)
5,848,076
Co-Investment (USD million)
10.61
SDG Contributions
OraBank Group Securitisation
Active
OraBank Group Securitisation
Oragroup SA is a Pan-African banking group founded in 1988, based in Lomé, Togo. It operates in 12 countries across West and Central Africa, providing a variety of banking products and services
Issue Date
Dec-21
Maturity Date
Dec-26
Sector
Issuer
OraBank Group
Group
OraBank Group
Reasons of Investment
ALCB has invested in this transaction to support Orabank Togo's first issuance and securitisation, marking the first by an Oragroup subsidiary and contributing to the growth of the nascent securitisation market in the UEMOA region, particularly in the commercial banking sector.
Status
Active
LCY
XOF
Investment (LCY)
5,000,000,000
Investment (USD)
8,559,800
Co-Investment (USD million)
56.88
SDG Contributions
OraBank Togo
Matured
OraBank Togo
Oragroup SA is a Pan-African banking group founded in 1988, based in Lomé, Togo. It operates in 12 countries across West and Central Africa, providing a variety of banking products and services
Issue Date
Dec-19
Maturity Date
Dec-21
Sector
Issuer
OraBank Group
Group
OraBank Group
Reasons of Investment
ALCB has invested in this transaction to support a reputable SME lender in the UEMOA region after the first invesmtment in the CEEMAC region.
Status
Matured
LCY
XOF
Investment (LCY)
2,400,000,000
Investment (USD)
4,024,654
Co-Investment (USD million)
54.67
SDG Contributions
Platinum Kenya
Matured
Platinum Kenya
Platinum Credit Limited was founded in 2003 with the vision of providing emergency loans to civil servants, employees of selected companies, and now serves a broader customer base across East Africa including Uganda and Tanzania.
Issue Date
Jan-19
Maturity Date
Jan-23
Sector
Issuer
Platinum Kenya
Group
PlatCorp
Reasons of Investment
ALCB has invested in this transaction to support the revival of Kenya's corporate bond market, which has regressed due to past defaults, by helping to restore investor confidence and providing crucial funding to the Microlending sector.
Status
Matured
LCY
KES
Investment (LCY)
400,000,000
Investment (USD)
4,011,231
Co-Investment (USD million)
1
SDG Contributions
Platinum Uganda 3yr
Matured
Platinum Uganda 3yr
Platinum Credit Uganda Limited was founded in 2002 and is licensed under the Company's Act in Uganda. The company was established to provide emergency loans and has grown to serve a wide customer base, including civil servants and private sector employees.
Issue Date
Dec-17
Maturity Date
Dec-20
Sector
Issuer
Platinum Uganda
Group
PlatCorp
Reasons of Investment
ALCB has invested in this transaction to support Platinum Uganda, an MFI serving low-income households and SMEs, while contributing to the development of Uganda's nascent bond market.
Status
Matured
LCY
UGX
Investment (LCY)
10,844,950,000
Investment (USD)
3,000,000
Co-Investment (USD million)
14.97
SDG Contributions
Platinum Uganda 5yr
Matured
Platinum Uganda 5yr
Platinum Credit Uganda Limited was founded in 2002 and is licensed under the Company's Act in Uganda. The company was established to provide emergency loans and has grown to serve a wide customer base, including civil servants and private sector employees.
Issue Date
Dec-17
Maturity Date
Dec-22
Sector
Issuer
Platinum Uganda
Group
PlatCorp
Reasons of Investment
ALCB has invested in this transaction to support Platinum Uganda, an MFI serving low-income households and SMEs, while contributing to the development of Uganda's nascent bond market
Status
Matured
LCY
UGX
Investment (LCY)
3,615,000,000
Investment (USD)
1,000,000
Co-Investment (USD million)
14.97
SDG Contributions
Platinum Uganda II
Active
Platinum Uganda II
Platinum Credit Uganda Limited was founded in 2002 and is licensed under the Company's Act in Uganda. The company was established to provide emergency loans and has grown to serve a wide customer base, including civil servants and private sector employees.
Issue Date
Sep-23
Maturity Date
Sep-27
Sector
Issuer
Platinum Uganda
Group
PlatCorp
Reasons of Investment
ALCB has reinvested in this transaction to support Platinum Uganda, while contributing to the development of Uganda's nascent bond market and building on previous investments that have bolstered local investor confidence and enabled successful tranche issuances.