VFD Group Completes N4.24 Billion Commercial Paper Redemption, Reinforcing Investor Confidence in Nigeria’s Debt Market
VFD Group Plc has successfully redeemed its ₦4.24 billion Series 4 Commercial Paper, issued on December 19, 2024, under its ₦20 billion Commercial Paper Programme. The full repayment, announced on Thursday, underlines the financial services group’s robust liquidity and its consistent track record of meeting investor obligations.
According to VFD, the programme — which began in 2022 — has enjoyed repeated oversubscriptions, signalling strong investor confidence in the company’s operations and outlook. The latest redemption comes on the back of a solid half-year 2025 performance, where the group reported ₦41.17 billion in gross earnings and a total asset base of ₦356.87 billion.
Commenting on the milestone, Group Managing Director/Chief Executive Officer, Nonso Okpala, said the successful redemption highlights the company’s resilience and strategic focus. “Our redemption of this Series 4 issue validates that the market is serious about providing debt capital. It also allows us to continue creating and unlocking value for shareholders and investors through our globalisation strategy,” he noted.
VFD’s Executive Director for Finance and Investor Relations, Folajimi Adeleye, added that the timely repayment was a result of disciplined liquidity management. He explained that the commercial paper programme has helped the firm address short-term operational needs while preserving capital for long-term initiatives, thereby positioning VFD to execute its growth plans more effectively.
Since registering its ₦20 billion programme in 2022, VFD Group has carried out multiple issuances and redemptions, steadily cementing its reputation as a trusted player in Nigeria’s debt capital market. The latest Series 4 redemption not only reassures investors of VFD’s creditworthiness but also reflects broader confidence in corporate funding opportunities within the Nigerian economy.
source: punch