MISKAY strengthens Capital-Market track record with full redemption of ₦824.2 million commercial paper

Miskay Boutique International Limited, an indigenous African fashion retailer, has successfully redeemed its entire ₦824.2 million Series 1 Tranche B Commercial Paper on its maturity date. This marks the second successful redemption of a Commercial Paper in 2026 for the company, following the repayment of its Series 1 Tranche A issuance in May of the same year.

Both issuances were part of Miskay's ₦5.00 billion Commercial Paper Programme. The redemption highlights the company's commitment to prudent financial management and disciplined execution, reinforcing its position for sustainable growth. Miskay's operations have been bolstered by recent initiatives, including the opening of its first new store in Benin, its first new location in over four years.

The company's focus remains on scaling inventory, improving freight and supply-chain efficiency, expanding its Ghana presence, and growing its e-commerce and cross-border operations.