By Gbenga Akinfenwa
The C&I Leasing Plc has recorded an impressive over subscription in its recent Series 5 Commercial Paper Issuance concluded last month.
The Group Managing Director/CEO of the firm, Lenin Ugoji, who disclosed this in a recent report, attributed the success to several factors that are positioning the company for improved shareholder value.
He noted that since registering its N50b commercial paper programme with the FMDQ in 2022, C&I Leasing has raised over N22.00b across four series with increasingly rising demand for the company’s commercial notes as indicated by issuing houses Cordros Capital Limited and Anchoria Advisory Services Limited.
“In the last five years, we have issued series of commercial papers and corporate bonds, which had all been over-subscribed, indicating an excellent show of confidence from the market in the board and management’s initiatives to improve the company’s fortunes.
“As Nigeria’s largest integrated leasing and business services group with over 7,500 employees across Nigeria and its subsidiaries overseas, C&I Leasing Plc has witnessed some strong improvements across its core business areas.
