Commercial Paper Archives - Businessday NG

LandWey floats N20bn commercial paper to boost expansion

Bunmi Bailey — Tue, 25 Apr 2023 20:57:53 +0000

LandWey Investment Limited, a real estate investment company in Nigeria, has signed a N20 billion commercial paper (CP) approved by the FMDQ Securities Exchange Limited. The official signing ceremony, which took place last Wednesday, at the company’s headquarters in Lagos, was witnessed by company executives and professional partners including Pathway Advisors Limited, STL Trustees Limited, […]

Eunisell redeems N4bn commercial paper

David Ijaseun — Sat, 08 Apr 2023 06:48:18 +0000

Eunisell Limited has announced the successful redemption of its N4 billion commercial paper series II issuance programme. In 2021, Eunisell registered a N10bn commercial paper Issuance programme with FMDQ series I, which saw Eunisell raise N3.5 billion from the capital market, has since been repaid at maturity. Suffice it to say that the series I […]

Nigerian firms raise N507bn via commercial papers in Q1

Oladehinde Oladipo — Fri, 07 Apr 2023 02:10:55 +0000

The issuance of short-term corporate debt spiked in the first quarter of this years as 28 Nigerian firms took advantage of the low cost of finance and short maturity period to bolster their working capital. Data obtained from FMDQ Group showed that 28 firms issued commercial papers worth N507 billion in the first quarter, compared […]

Greenwich Merchant Bank mulls plan to raise N10bn from Commercial Paper

Folake Balogun — Thu, 09 Mar 2023 08:12:01 +0000

Greenwich Merchant Bank Limited has considered plans to raise the sum of N10 billion from the sale of commercial paper. According to documents seen by BusinessDay, Greenwich Merchant bank intends to use the proceeds of the issue to support its short-term funding needs as part of its working capital management strategy. The Naira-denominated corporate debt […]

DLM Capital Group raises N5.304bn in 106% oversubscribed Commercial Paper issue

Iheanyi Nwachukwu — Fri, 24 Feb 2023 12:55:11 +0000

DLM Capital Group has raised N5.304billion through the issuance of its N5billion Series 10 and 11 Commercial Paper (CP) Notes under its N20billion CP Issuance Programme which was 106percent subscribed. This round of CP issuance was led by FBNQuest, supported by UCML, DLM Advisory and Afrinvest. The 180-day-tenor Series 10 and 268-day-tenor Series 11 were […]