Stratos Trading Limited has redeemed its Series 1 Commercial Paper issuance under its N20bn Commercial Paper Programme, reinforcing investor confidence in the company’s financial strength and capital management.
The redemption follows the company’s debut public capital markets transaction, which was issued in two tranches of 180 and 270 days with a total issue size of N5bn.
According to the company, the offer attracted strong investor participation and closed at 115 per cent subscription, marking a significant milestone for a first-time issuer in the Nigerian debt capital market.
The company, in a statement on Thursday, said the redemption demonstrated its ability to meet financial obligations while sustaining operational performance and executing its long-term growth strategy.
Commenting on the redemption, the Chief Executive Officer of Stratos Trading Limited, Francisco Lakanu, said, “The successful redemption of our inaugural Commercial Paper issuance reflects the strength of our business model, the confidence investors have placed
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