Emerging Africa Capital Limited has successfully redeemed N1.655billion Series 3 Commercial Paper, which was issued on July 12, 2023, on the Nigerian Debt Capital Market through FMDQ Securities Exchange Limited (FMDQ Exchange) platform under its N15billion Commercial Paper Issuance Programme (the “Programme).

The 180 days Series 3 Commercial Paper was issued at a discount rate of 13.0982percent and achieved a 125percent over-subscription rate, showcasing the confidence of investors in the company’s impressive profile and the ability of its management team to deliver value to its stakeholders.

Toyin F. Sanni, Executive Vice Chairman/Group Chief Executive Officer of Emerging Africa Capital Limited, expressed her satisfaction with the successful redemption of the N1.655billion Series 3 Commercial Paper.

She emphasised the company’s commitment to transparency and trustworthiness in maintaining investor confidence in the Nigerian Debt Capital Market. The GCEO extended her gratitude to all investors for their trust and confidence in the company, assuring them of the continued delivery of substantial value to stakeholders.

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Emerging Africa Capital Limited, a leading Investment Banking and Financial Services company licensed by the Securities and Exchange Commission (the SEC), provides Issuing House/Underwriting, Trust, and Asset Management services.

The company takes pride in creating value for stakeholders through direct equity investments in subsidiary companies and by arranging/facilitating debt and equity capital financing for clients.

Kolawole Epebinu, Team Lead, Debt Capital Market, expressed confidence in Emerging Africa Capital Limited’s ability to fulfill its obligations to subscribers noting the significance of the successful redemption of the Series 3 Commercial Paper through FMDQ Exchange.

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By Iheanyi Nwachukwu • January 10, 2024

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.

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