By Emeka Anaeto
VFD Group Plc, a Lagos primarily based funding firm, has introduced the complete redemption of its ₦4.24 billion Sequence 4 Industrial Paper (CP) issued December 2024.
This milestone, below the Group’s ₦20 billion CP program, registered in 2022, builds on its H1 2025 efficiency of ₦41.17 billion in gross earnings and a complete asset base of ₦356.87 billion.
In a press release, the corporate expressed its gratitude to buyers, shareholders, and market companions for his or her continued belief, with the programme persistently recording oversubscriptions since inception.
“The market has been beneficial for companies which have leaned into it and are creating worth for the Nigerian economic system,” mentioned Mr. Nonso Okpala, Group Managing Director/CEO of VFD Group.
He added: “Our redemption of this Sequence 4 subject validates that the market is severe about offering debt capital. The profitable achievement of this obligation permits us to proceed to create and unlock worth for our shareholders and buyers via our globalization technique.”
Mr. Folajimi Adeleye, the Group’s Govt Director for Finance and Investor Relations, mentioned, “Well timed redemption of this industrial paper is the result of disciplined liquidity administration throughout the agency. The programme has allowed us to deal with fast operational wants whereas preserving capital power for long-term initiatives. Sequence 4 continues that trajectory, positioning us properly as we execute our development technique.”
Since registering the ₦20 billion programme in 2022, VFD Group has accomplished a number of issuances and redemptions, sustaining momentum as a trusted market participant.
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