Emerging Africa Capital repays Series 1 Commercial Paper -

Toyin Sanni, Executive Vice Chairman/Group Chief Executive Officer of Emerging Africa Capital

Emerging Africa Capital Limited has successfully redeemed the N1.13billion Series 1 Commercial Paper issued on November 1, 2022, on the Nigerian Debt Capital Market through FMDQ Securities Exchange Limited (FMDQ Exchange) platform under its N15billion Commercial Paper Issuance Programme (the Programme).

The 182 days Series I Commercial Paper was issued at a discount rate of 16.9400percent and achieved a 100percent subscription rate as a first-time issuer. this impressive subscription level demonstrates investors’ confidence in the company’s impressive profile and the ability of its management team to deliver value to its stakeholders.

Related News

Speaking on the successful redemption of the CP, Toyin F. Sanni, Executive Vice Chairman/Group Chief Executive Officer of Emerging Africa Capital, stated: “The successful redemption of the N1.13billion Series 1 Commercial Paper reflects our company’s commitment to ensuring transparency and trustworthiness in maintaining investor confidence in the Nigerian Debt Capital Market”.

She further expressed her gratitude to all investors for their trust and confidence in the company and promised to continue to deliver substantial value to its stakeholders.

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.