VFD redeems N12.8 Billion CP; reinforcing strong liquidity and credibility.
- VFD Group successfully redeemed its N12.83 Billion Series 5 Commercial Paper on its maturity date, reinforcing strong liquidity and disciplined balance sheet management.
- The redemption strengthens investor confidence amid market volatility and supports the ongoing N50 Billion Rights Issue scheduled to close on November 24, 2025.
- Since launching its CP Programme in 2022, VFD has raised and redeemed N33.4 Billion across five flawless cycles, establishing itself as a reliable issuer in Nigeria’s fixed-income market.
- VFD Group PLC (NGX: VFDGROUP), the fast-growing Principal Investment firm, today announced the successful, timely redemption of its N12.83 Billion Series 5 Commercial Paper (CP), issued under its N20 Billion Commercial Paper Programme.
The redemption was executed on its maturity date of November 14, 2025, demonstrating the Group’s unwavering commitment to market discipline.
More importantly, the prompt redemption of the commercial paper reinforces the strong liquidity and efficient balance sheet management of the Group.
- The successful settlement, completed amidst ongoing domestic market volatility, is a decisive strategy to deleverage the balance sheet. By successfully retiring the N12.83 Billion commercial paper, VFD Group demonstrates its capacity to generate internal liquidity to meet all obligations as and when due.
This also underpins the strong credit rating and overall credibility of the Group. Notably, investors continued to demonstrate confidence in the strong fundamentals of VFD Group Plc, as reflected in the positive momentum of its ongoing N50 Billion Rights Issue (Five Billion Units of Ordinary Shares at the price of N10.00/Share), which is scheduled to close on November 24, 2025.
Notably, VFD has shown consistent credibility and commitment to the growth of the Nigerian debt market, since its debut commercial paper offer in July 2023 (The Series 1 Offer). The Group has raised and successfully redeemed a total of N33.4billion in commercial paper from the domestic market, highlighting the strong investors’ confidence in the Group, as a prime Issuer in the market.
- Source: Nairametrics
