commercial paper – InfoStride News

Commercial Paper issuance declines by 75% in Q1 2024, as government securities dominate

Temitope Nlewemchi — Mon, 08 Apr 2024 12:01:18 +0000

In the battle of short-term money market instruments, government-backed securities are currently trouncing commercial papers. Nairametrics’ data tracking reveals a significant 75% year-on-year decline as per value in the issuance of commercial papers in Nigeria. In terms of volume, there was a 66% decline, as only 32 CPs were issued in Q1 2024, in contrast [...]

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Neveah issues N3.99 billion series 5 commercial paper

Temitope Nlewemchi — Mon, 22 Aug 2022 15:20:54 +0000

Neveah Limited, a commodity trading company dealing in the export of solid minerals and agricultural products, has announced the completion of its Series 5 Commercial Paper Issuance. The issuance was subscribed to by investors including asset managers and trustees. In addition, the issuance received the approval of FMDQ Securities Exchange Limited. According to the company [...]

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Coronation Merchant Bank issues Commercial Paper worth N25 billion

Temitope Nlewemchi — Mon, 25 Apr 2022 11:01:05 +0000

Coronation Merchant Bank Limited has issued and quoted a N25 billion Series 1 and 2 Commercial Paper under its N100 Commercial Paper programme. The proceeds from this programme would be channelled towards meeting the bank’s short-term working capital requirements. The Issuance will be across 182 and 269-day tenors for a target amount of up to [...]

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