VFD Group Redeems N12.8bn Commercial Paper, Strengthening Liquidity and Investor Confidence

Investment powerhouse VFD Group has successfully redeemed its N12.83 billion Series 5 Commercial Paper (CP) under its N20 billion CP Programme, marking another milestone in its strong presence in Nigeria’s debt market. The redemption was completed on its maturity date, 14 November 2025, signaling the firm’s solid liquidity position and operational reliability.

The move comes shortly after VFD Group launched a N50.67 billion rights issue, offering five billion ordinary shares at N10 each. This initiative, aimed at consolidating growth and expanding its investment footprint across Africa, is set to close on 24 November. Analysts say the timing of the CP redemption highlights VFD’s disciplined financial management and strategic planning.

Since entering the Nigerian commercial paper market in July 2023, VFD Group has raised and redeemed a total of N33.4 billion through successive CP offerings. The Series 5 redemption now completes a track record of five consecutive, timely settlements under its CP Programme, reinforcing investor trust and confidence in the firm’s capital management strategies.

Speaking on the milestone, Mr. Folajimi Adeleye, Executive Director of Finance and Investor Relations, said, “The timely redemption of the Series 5 CP is proof of VFD Group’s robust liquidity and commitment to our stakeholders. This action reduces short-term debt obligations and enhances our funding structure, positioning VFD as a premium issuer in today’s high-yield environment.”

Looking ahead, VFD Group emphasized that the successful redemption underscores its commitment to financial excellence, stability, and sustainable growth. By maintaining consistent performance in the debt market, the company continues to strengthen its reputation as a reliable partner for investors and a leader in Africa’s investment landscape.

sourcce: Punch