VFD Group targets N6bn from series 5 Commercial Paper issuance

VFD Group Plc targets to raise up to N6 billion from its 270 days Series 5 Commercial Paper issuance (the Offer) under its N20 billion Commercial Paper (CP) issuance programme.

The Offer which opened on Monday February 10 closes on Friday February 14.

VFD Group is a proprietary investment company with a diversified portfolio spanning multiple sectors, including banking, non-banking financial services, market infrastructure, technology, real estate, hospitality, media, entertainment, and energy, maintaining a sector-agnostic approach.

As highlighted in the December 2024 Management Account, VFD Group achieved an impressive 99 percent growth in gross earnings, reaching N83.2 billion, up from N41.8 billion in 2023.

The Group maintains a stable outlook, bolstered by its short-term A1 rating from DataPro and the expertise of its highly experienced and stable executive management team.

The Group actively identifies and invests in viable opportunities to meet the needs of both retail and institutional investors, leveraging its robust investment expertise and deep market insight to deliver optimal returns for shareholders.

Iheanyi Nwachukwu

Iheanyi Nwachukwu, is a creative content writer with over 18 years journalism experience writing on banking, finance and capital markets. 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).

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