Coleman pays back Series II N3.804bn

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Coleman has successfully paid back series two N3.804 billion under its N20 billion CP Issuance Programme on the FMDQ Exchange.

Reacting to the new development, the Managing Director/CEO of Coleman, Mr. George Onafowokan, said this would enable the company to increase the capacity of the business with additional working capital.
“It has never been seen by anybody in the cable industry in Nigeria and West Africa to sustain such repayment.

According to him, it should be noted that an indigenous company can sustain its repayment based on the belief and the faith the capital market has in it, and being an indigenous company, can sustain its employees and growth.

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