VFD Group Plc, a principal investment company, has announced the full redemption of its N4.24 billion series 4 commercial paper (CP) issued last December.

The milestone, under the Group’s N20 billion CP programme registered in 2022, builds on its H1 N41.17 billion gross earnings and growth of its total assets to N356.87 billion.

The management of VFD Group extends its gratitude to investors, shareholders and market partners for their continued trust, with the programme consistently recording oversubscriptions since inception.

“The market has been favourable for businesses that have leaned into it and are creating value for the Nigerian economy,” said Group Managing Director of VFD Group, Nonso Okpala.

“Our redemption of this Series 4 issue validates that the market is serious about providing debt capital. The successful fulfillment of this obligation allows us to continue to create and unlock value for our shareholders and investors through our globalisation strategy,” he added.
T
he Group’s Executive Director for Finance and Investor Relations, Folajimi Adeleye, added: “Timely redemption of this commercial paper is the outcome of disciplined liquidity management across the firm. The programme has allowed us to address immediate operational needs while preserving capital strength for long-term initiatives. Series 4 continues that trajectory, positioning us well as we execute our growth strategy.”

Since registering the N20 billion programme, VFD Group has completed multiple issuances and redemptions, sustaining momentum as a trusted market participant.