insert_link Local Trustco Group announces NAD 4.4 billion (USD 235 million) transaction with founding family. Trustco Group Holdings Limited (TTO.SJ) today announced a landmark agreement to convert NAD 4.4 billion (USD 235 million) of debt into equity, paving the way for a planned USD 100 million capital raise in the US markets. The agreement is expected to increase Trustco's net asset value by approximately NAD 1.5 billion (USD 79 million). "This recapitalization is a crucial step towards achieving our growth ambitions […] todayJune 12, 2024 7
insert_link Local Trustco plans to raise NAD 2.4 billion from shareholders to tap into Namibia’s economic potential. Trustco Group Holdings Limited is concluding pivotal transactions with key shareholders that underscore confidence in Namibia's bright economic prospects and Trustco's time tested capabilities to channel investment into high-growth areas. First, Trustco and United States fund Riskowitz Value Fund LP (RVF) will enter into an option to make a cash investment of up to NAD 950 million into Trustco, entrenching RVF as a key anchor foreign investor. The […] todayJanuary 16, 2024 13
