Emerging Africa Capital Redeems Series 3 Commercial Paper Worth N1.6Bn

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Emerging Africa Capital Limited, an Investment Banking and Financial Services company, announced the successful redemption of its Series 3 commercial paper valued at N1.655bn.

The Commercial Paper was issued in July through the FMDQ exchange under the company’s N15bn Commercial Paper Issuance Programme.

In a statement released on Wednesday, Toyin Sanni, the Executive Vice Chairman/Group Chief Executive Officer of Emerging Africa Capital Limited, expressed delight at the accomplishment of redeeming the Series 3 Commercial Paper.

Sanni further highlighted the company’s commitment to transparency, emphasizing the importance of maintaining investor confidence in the Nigerian Debt Capital Market.

Source: PUNCH

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