Firm Redeems N5.86bn Series Six Commercial Paper
MyCredit Investments Limited, owners of FairMoney Microfinance Bank, has announced the successful redemption of its N5.86 billion Series six Commercial Paper issued under its N10 billion Commercial Paper Issuance Programme.
MyCredit Investments Limited, the parent company of FairMoney Microfinance Bank, has successfully redeemed a N5.86 billion Series six Commercial Paper. The redemption fulfills the company's obligations under its N10 billion Commercial Paper Issuance Programme. FairMoney Nigeria's Managing Director, Henry Obiekea, emphasized the importance of meeting commitments to investors in building and sustaining trust.
He stated that the full redemption of the Series 6 Commercial Paper demonstrates the company's commitment to responsible financial management and its focus on expanding access to financial services in Nigeria. Obiekea expressed gratitude to the FMDQ for providing a strong platform for institutions like FairMoney to access the Nigeria Debt Capital Markets.
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