The OFA (Anjouan Offshore Finance Authority) has issued a permit to Klapton Insurance Company to issue a public offering of debentures.
The Board said this now provides the capability for Klapton to consider raising capital via debenture issuance in the African market. This issuance is expected to be launched in 2017, dependent upon prevailing market conditions, as part of Klapton’s medium term investment and capital planning.