MfB boss reveals strategy behind debt repayments
FairMoney Nigeria’s MD, Henry Obiekea, explains how fiscal discipline and investor trust drove the successful redemption of its N5.86bn commercial paper. Read More: https://punchng.com/mfb-boss-reveals-strategy-behind-debt-repayments/
Henry Obiekea, Managing Director of FairMoney Nigeria, has outlined the company's approach to debt repayments and long-term capital raising in Nigeria's evolving debt markets. The successful redemption of its N5.86bn Series 6 Commercial Paper under the N10bn issuance programme highlights the bank's commitment to responsible financial management and structural stability.
The repaid amount of N5,860,319,000 on time underscores FairMoney's dedication to maintaining investor confidence. Obiekea stressed that meeting commitments to investors is crucial for building and sustaining trust, and the company appreciates the confidence placed in it by its investors. The digital bank operates through MyCredit Investments Limited and provides retail loans, savings, bill payments, and merchant asset financing.
Written by urgent.news from Punch Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
