AG Mortgage Bank targets N3.97bn from series 2, 3 Commercial Paper issuance

AG Mortgage Bank Plc series 2 and 3 Commercial Paper (CP) issuance of up to N3.97 billion is now open.

AG Mortgage Bank Plc is a leading Primary Mortgage Bank (PMB) in Nigeria with over two decades of experience in providing affordable mortgage financing and housing finance solutions.

The bank has grown its asset base to over N33 billion and remains a key participant in major housing intervention programmes, including the National Housing Fund Scheme and other government-backed mortgage initiatives.

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Supported by a diversified product offering, strong institutional credibility, and an experienced management team, AG Mortgage Bank continues to deliver solid financial performance.

For FY’2025, interest income increased by 28.1 percent to N3.65 billion, while profit after tax rose by 130 percent to N1.05 billion, reflecting strong earnings growth, operational efficiency, and prudent risk management.

The CP issuance, which is scheduled to close on Thursday, June 18, 2026, is under its N5 billion Commercial Paper Issuance Programme.

Iheanyi Nwachukwu

Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.