…reinforcing strong liquidity, credibility
VFD Group Plc has successfully redeemed 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 by the fast-growing Principal Investment Firm 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 N12.83billion 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 (5 billion units of Ordinary Shares at N10 per share), which is scheduled to close on November 24, 2025.
VFD Group Plc is a Principal Investment Firm that strategically unlocks value for investors across multiple sectors. The Gorup is dedicated to building Africa’s value chain of investment by actively aggregating and scaling high-growth businesses within five core sectors: Financial Services & FinTech, Capital Markets, Market Infrastructure, Real Estate & Hospitality, and Ecosystem Support Services.
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.
This specific redemption now solidifies a track record of five consecutive, flawless cyclical maturity settlements since the CP Programme was launched in 2022. This history demonstrates VFD Group’s ability to successfully leverage short-term financing for operational utility, integrate the funding efficiently, and meet every obligation on time, establishing the firm as a reliable and predictable Issuer in the Nigerian fixed-income market.
Folajimi Adeleye, Executive Director Finance & Investor Relations, VFD Group stated: “The timely redemption of the Series 5 CP is non-negotiable proof of VFD Group’s robust liquidity and commitment to every stakeholder who entrusts us with capital. The redemption action, which achieved a tangible reduction in the Group’s short-term debt obligations, directly improves VFD’s funding structure. This performance contrasts sharply with prevailing fixed-income trends, positioning VFD as a premium issuer, capable of navigating current high-yield environments.”
“Furthermore, this act of discipline provides assurance to our shareholders and new investors, considering the Rights Issue, underscoring VFD’s commitment to an efficient capital structure and reinforcing the firm’s resilience against the backdrop of prevailing market volatilities.
“The successful redemption of the N12.83 billion Commercial Paper underscores VFD Group’s strategic commitment to financial excellence and stability. This liquidity event ensures the Group is structurally prepared, financially sound, and technologically equipped to leverage the new capital from its Rights Issue. This augmented capacity will accelerate strategic initiatives, including the expansion of the Bvndle Loyalty Platform and the successful execution of critical initiatives, securing VFD Group’s place as a seasoned, dominant player in the African investment ecosystem,” Adeleye further noted.