Конгломерат Ojaja Pan Africa привлёк 25,53 млрд найр через коммерческие бумаги на бирже FMDQ

Ojaja Pan Africa Limited has raised N25.53 billion through three series of commercial papers (CPs) quoted on the FMDQ Securities Exchange platform, strengthening the diversified conglomerate’s access to Nigeria’s short-term debt market. The issuance comprises N4.80 billion Series 1, N1.36 billion Series 2 and N19.37 billion Series 3 CPs, issued under the company’s N100 billion Commercial Paper Issuance Programme. The approval was granted by the Board Listings and Markets Committee of FMDQ Exchange. The latest transaction underscores the increasing use of the commercial paper market by Nigerian corporates to secure short-term funding outside traditional bank financing, while providing issuers with an alternative channel to support liquidity and business expansion. Ojaja Pan Africa, which has interests spanning real estate, agriculture, manufacturing, mining, tourism, hospitality and retail, said the net proceeds from the issuance would be deployed primarily towards working capital requirements and the continued expansion of its businesses across its operating segments. The transaction was sponsored by Comercio Partners Capital Limited, a Registration Member (Quotations) of FMDQ Exchange. The latest CP issuance also marks a return by Ojaja Pan Africa to the FMDQ platform, where it has previously accessed short-term capital. The company said its previous participation had established a track record of meeting its obligations as they fall due. Commenting on the quotation, Tumi Sekoni, Group Chief Operating Officer, FMDQ Group Plc, said Ojaja Pan Africa’s return to the CP market at a larger scale reflects continued investor interest in structured corporate issuances. “Ojaja Pan Africa’s return to the CP market at this larger scale underscores the continued interest in well-structured corporate issuances and the important role of the CP market in meeting short-term funding needs,” Sekoni said. She added that FMDQ Exchange remains committed to providing corporates, including diversified conglomerates, with efficient access to the debt capital market. The transaction comes as companies increasingly explore Nigeria’s money and debt markets to diversify their funding sources amid changing financing conditions and growing demand for working capital. Commercial papers provide companies with a mechanism to raise short-term funds directly from investors, typically helping issuers finance working capital, inventory, receivables and other near-term corporate obligations. For Ojaja Pan Africa, the N25.53 billion facility provides additional liquidity to support operations across a broad portfolio of businesses, while its N100 billion programme leaves room for potential future issuances subject to market conditions and regulatory approvals. FMDQ Exchange said the transaction further demonstrated the growing participation of diversified corporates in Nigeria’s short-term funding market and its role in deepening the country’s debt capital markets. The Exchange has continued to position its platform as an avenue for issuers across different sectors to mobilise short-term capital, supported by market infrastructure, governance and disclosure requirements. FMDQ Group Plc, the parent company of FMDQ Exchange, operates across the financial markets value chain, providing services spanning registration, listing, quotation and noting, trading, clearing and settlement, securities depository and market data. The group also operates FMDQ Green Exchange, which it describes as Africa’s premier Green Exchange, as part of its sustainability-focused financial market infrastructure strategy. The Ojaja Pan Africa transaction therefore adds to the growing pipeline of corporate fundraising activities in Nigeria’s debt capital market, as businesses seek more diversified sources of funding to sustain expansion and strengthen liquidity.