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Cedrus Capital Limited, a leading financial advisory firm and subsidiary of Cedrus Group Africa, has successfully arranged the oversubscribed ₦3 billion Series 1 Commercial Paper (CP) issuance for RusselSmith Nigeria Limited (part of its ₦10 billion CP Programme).
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This achievement is a testament to Cedrus Capital’s expertise in delivering innovative financing solutions and fostering investor confidence, showcasing its ability to connect businesses with the capital needed for growth and sustainability.
Chief Executive Officer of RusselSmith, Kayode Adeleke, celebrated the significance of this milestone, stating, “The approval of our commercial paper programme by the FMDQ represents an exciting achievement for RusselSmith. We are grateful for the FMDQ’s confidence in our organisation and look forward to harnessing this opportunity to enhance our operations and contribute to the growth of the Nigerian capital market.”
The oversubscription reflects Cedrus Capital’s strong market knowledge and investor relationships, as noted by its Chief Executive Officer, Olubusayo Adeniyi: “This clearly shows the market’s trust in the company’s strategic vision and operational capacity. We are glad about this milestone as it not only secures the short-term working capital needs for RusselSmith but also sets the stage for further engagements within the broader ₦10 billion programme.
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“Cedrus Capital’s involvement has been instrumental in ensuring the CP notes were listed on the FMDQ Securities Exchange, enhancing transparency and liquidity for investors.”
This collaboration between Cedrus Capital Limited and RusselSmith Nigeria Limited exemplifies the benefits of strategic partnerships in driving innovation and sustainability within the energy sector and beyond.
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