Moneda Investment Limited Closes N5bn Series 1 Commercial
Moneda Investment Limited has successfully closed its N5 billion Series 1 Commercial Paper(CP) issuance at N6 billion, achieving 120 per cent subscription under its N30 billion CP programme. The successful
Moneda Investment Limited successfully closed its N5 billion Series 1 Commercial Paper (CP) issuance at N6 billion, surpassing the 120 percent subscription target within its N30 billion CP programme. This marks the first issuance under the programme and signifies a milestone for Moneda in deepening its access to institutional capital and strengthening its capacity to finance opportunities in African natural resource value chains.
Group Chief Executive Officer, Ejike Egbuagu, expressed pride in the market's acceptance and trust in Moneda's unconventional business approach. CFO Emeka Anazodo highlighted the significance of approaching the market directly and being held accountable to a broader investing public. Group Managing Director, Ebi Enaholo, emphasized the transaction as a testament to the team's resilience and a strong foundation for future issuances.
This successful Series 1 close is part of Moneda's strategy to mobilize capital for businesses capable of creating greater value from Africa's natural resources, as the firm expands its funding base and strengthens its support for businesses across critical sectors and value chains.
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