VFD Group Plc has fully redeemed its N4.24 billion Series 4 Commercial Paper issued on December 19, 2024.
This milestone by the leading principal investment company, under the Group’s N20 billion Commercial Paper Programme registered in 2022, builds on its H1 2025 performance of N41.17 billion in gross earnings and a total asset base of N356.87 billion.
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The management of VFD Group extends its gratitude to investors, shareholders, and market partners for their continued trust, with the programme consistently recording oversubscriptions since inception.
“The market has been favourable for businesses that have leaned into it and are creating value for the Nigerian economy,” said Nonso Okpala, Group Managing Director/CEO of VFD Group.
“Our redemption of this Series 4 issue validates that the market is serious about providing debt capital. The successful fulfilment of this obligation allows us to continue to create and unlock value for our shareholders and investors through our globalisation strategy,” he added.
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Folajimi Adeleye, Group’s Executive Director for Finance and Investor Relations, VFD Group, added that, “Timely redemption of this commercial paper is the outcome of disciplined liquidity management across the firm. The programme has allowed us to address immediate operational needs while preserving capital strength for long-term initiatives. Series 4 continues that trajectory, positioning us well as we execute our growth strategy.”
Since registering the N20 billion programme in 2022, VFD Group has completed multiple issuances and redemptions, sustaining momentum as a trusted market participant.