VFD Group delivers on its N20b CP with N4.24b series 4 redemption

By Emeka Anaeto

VFD Group Plc, a Lagos based concern company, has announced the afloat redemption of its ₦4.24 cardinal Series 4 Commercial Paper (CP) issued December 2024.

This milestone, nether the Group’s ₦20 cardinal CP program, registered successful 2022, builds connected its H1 2025 show of ₦41.17 cardinal successful gross net and a full plus basal of ₦356.87 billion.

In a statement, the institution expressed its gratitude to investors, shareholders, and marketplace partners for their continued trust, with the programme consistently signaling oversubscriptions since inception.

“The marketplace has been favourable for businesses that person leaned into it and are creating worth for the Nigerian economy,” said Mr. Nonso Okpala, Group Managing Director/CEO of VFD Group.

He added: “Our redemption of this Series 4 contented validates that the marketplace is superior astir providing indebtedness capital. The palmy fulfillment of this work allows america to proceed to make and unlock worth for our shareholders and investors done our globalization strategy.”

Mr. Folajimi Adeleye, the Group’s Executive Director for Finance and Investor Relations, said, “Timely redemption of this commercialized insubstantial is the result of disciplined liquidity absorption crossed the firm. The programme has allowed america to code contiguous operational needs portion preserving superior spot for semipermanent initiatives. Series 4 continues that trajectory, positioning america good arsenic we execute our maturation strategy.”

Since registering the ₦20 cardinal programme successful 2022, VFD Group has completed aggregate issuances and redemptions, sustaining momentum arsenic a trusted marketplace participant.

The station VFD Group delivers connected its N20b CP with N4.24b bid 4 redemption appeared archetypal connected Vanguard News.