MyCredit Investments Limited (the company or issuer), trading as FairMoney , has announced the launch of its Series III Commercial Paper (CP) issuance, valued at up to ₦4.0 billion. This move is part of the company's ₦10.0 billion Commercial Paper Programme. The 270-day tenor CP issuance aims to raise funds to support Fairmoney's short-term funding requirements, as part of its asset-liability management.
Fairmoney Nigeria, a pioneer in digital lending, has disbursed over ₦500 billion in loans since 2017, cementing its position as a leading financial services provider in Nigeria. Fairmoney has demonstrated the ability to raise funds from the domestic markets through its debut Commercial Paper Issue of ₦2.5bn in 2023 and sophomore Issue of ₦1.69bn in 2024. Offer Opens on Thursday, 14 November 2024, and closes on Offer Close on Thursday, 21 November 2024. Maturity Date has been set for Tuesday, 19 August 2025
Arrangers: Renaissance Capital, United Capital Plc
Dealers: DLM Advisory Limited
Solicitor: ALN Nigeria | Aluko & Oyebode
Auditor: Ernest & Young Nigeria (Chartered Accountants)
.png)
.jpg)
.jpeg)
