VFD Group Completes N12.83bn Commercial Paper Redemption, Showcases Strong Financial Discipline

Investment firm VFD Group has successfully redeemed its N12.83 billion Series 5 Commercial Paper (CP), issued under its N20 billion CP Programme. The redemption was executed on the instrument’s maturity date of 14 November 2025, the company confirmed in a statement on Tuesday.

The firm recently launched a N50.67 billion rights issue of five billion ordinary shares at N10 per share, aimed at consolidating growth and expanding its investment footprint across Africa. The rights issue is scheduled to close on 24 November 2025.

By redeeming the N12.83 billion CP, VFD Group demonstrated its ability to generate internal liquidity and meet obligations promptly. Since its debut in the Nigerian debt market in July 2023, VFD has successfully raised and redeemed N33.4 billion in commercial paper, reflecting strong investor confidence.

This latest redemption marks the fifth consecutive, cyclical maturity settlement under the CP Programme, solidifying the Group’s track record of timely debt management.

Commenting on the redemption, VFD Group’s Executive Director of Finance and Investor Relations, Folajimi Adeleye, said:
“The timely redemption of the Series 5 CP is concrete proof of VFD Group’s robust liquidity and commitment to stakeholders. By reducing short-term debt obligations, this action strengthens our funding structure and positions VFD as a premium issuer in the current high-yield environment.”

The company noted that the successful redemption underscores its ongoing commitment to financial stability and excellence, reinforcing confidence among investors and stakeholders alike.