Neveah Limited Issues N5.7 Billion Series 3, Series 4 Commercial Paper Programme

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Neveah Limited has announced the quotation of its Series 3 and Series 4 Commercial Paper Issuances on the FMDQ Exchange.

The issuance of these Series is in line with the Company’s strategic objective. To evolve as a leading dealer and exporter of world-class quality agro-commodities and minerals to its clients.
The debt financing rounds came on the heels of ratings of A1 (short-term) and BBB (long-term).

What the company is saying
According to the Chief Executive Officer, Mr. Ibidapo Lawal “the commercial paper issuances will further place the company in a strategic position to meet its contractual obligations with off-takers.
Neveah is glad with the opportunity to access alternative funding to meet its short-term working capital requirements”.

The strong investor appetite witnessed affirms Neveah’s strong management execution capacity and corporate governance position.
What you should know
Neveah Limited is inscribe by the Nigerian Export Promotion Council (NEPC) as an exporter of agro-commodities and solid minerals. The company was established in 2014 and has its head office in Abuja and operational offices in five states.
Neveah’s major markets are in Europe, North America and Asia, where it export commodities to Switzerland, Germany, The United States, Hong Kong and China.
-NAIRAMETRICS

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