{
  "id": 10887870,
  "title": "MKH properties’ ₦10bn series 1 commercial paper oversubscribed as investor demand exceeds target",
  "url": "https://urgent.news/2026/09/30/mkh-properties-10bn-series-1-commercial-paper-oversubscribed-as",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-30T06:34:58.000Z",
  "source": {
    "name": "Nairametrics",
    "slug": "nairametrics",
    "url": "https://nairametrics.com/2026/09/30/mkh-properties-%e2%82%a610bn-series-1-commercial-paper-oversubscribed-as-investor-demand-exceeds-target/"
  },
  "original_language": "en",
  "account": "MKH Properties Limited has successfully closed its first Series 1 commercial paper issuance, raising more than the planned ₦10 billion. This achievement comes just months after the company launched the ₦30 billion Commercial Paper Programme in September. The Series 1 offering, with a 364-day term, attracted investor interest at a 25.0001% yield and a 20.0110% discount rate. The oversubscription of the series suggests strong investor appetite for the company's debt securities. Pathway Advisors Limited provided financial advisory and arranger services for the transaction. For MKH Properties, this success marks its first completed series under the Commercial Paper Programme, providing a structured financing option for growth. The capital raised will bolster the company's expansion plans, enabling it to complete more projects across its portfolio in Lagos and Ibadan. MKH Properties' CEO, Dr. Muibi Kehinde Hammed, emphasized the significance of the oversubscribed transaction, stating it demonstrates investor confidence in the company's vision. The successful Series 1 close serves as a catalyst for deploying funds to fuel further development and deliver lasting value to stakeholders.",
  "summary": "MKH Properties Limited has announced the successful close of Series 1 of its Commercial Paper Programme, with investor subscriptions exceeding the ₦10 billion issue size.The successful completion of the first series marks a significant milestone for the Nigerian real estate developer, coming shortly after the company formally launched its ₦30 billion Commercial Paper Programme in […] The post MKH…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}