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Moneda Investment Limited closes N6 billion Series 1 Commercial Paper issuance, exceeding N5 billion target by 120% under its N30 billion CP programme.
Moneda Investment Limited successfully closed its N5 billion Series 1 Commercial Paper (CP) issuance at N6 billion, achieving 120 percent subscription under its N30 billion CP programme. The transaction attracted demand above the initial N5 billion target, representing the first issuance under the programme. The successful close marks a significant milestone in Moneda's efforts to deepen its access to institutional capital and strengthen its capacity to finance opportunities across African natural resource value chains. The oversubscription demonstrates strong market confidence in Moneda's unconventional business model focused on financing and investing across African natural resource sectors.
Company Information
Company
Moneda Investment Limited
Location
Nigeria
About
Moneda Investment Limited is an investment firm focused on financing and investing across African natural resource value chains. The company provides alternative credit and operational support to enable businesses to grow and capture more value locally. Moneda's goal is to ensure local content success across Africa by supporting SMEs that localize major investments. The firm is expanding its activities and deepening access to institutional capital through capital markets.
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