Zeenab Meals Restricted has introduced the profitable redemption and compensation to all subscribers of its N1.6 billion Collection 1 (Tranche A) Business Paper issuance underneath the N20bn Business Paper Programme accepted by FMDQ Securities Change Restricted.
The Collection 1 Tranche A, Business Paper issued on August 1, 2024, by the FMDQ Securities Change, matured and was absolutely redeemed on September 30, 2024.The issuance is sponsored by Pathway Advisors Restricted and was largely subscribed to by institutional buyers.
The Firm expresses its gratitude to the marketplace for the assist and confidence proven in its model and operations.
Managing director and CEO of Zeenab Meals Restricted, Dr. Ayemere O. Victor,commented on the profitable CP redemption, stating, “We significantly recognize the assist and confidence of the market in our model and are happy to have absolutely redeemed and repaid all subscribers to our first Business Paper issuance.”
He added, “This redemption displays the corporate’s credibility, enterprise excellence, and dedication to sustaining belief inside Nigeria’s Debt Capital Market.”
Dr. Victor additionally expressed gratitude to CEO/managing director of Pathway Advisors Restricted, Adekunle Alade, the Monetary Adviser and Lead Arranger, for the efforts in making certain the profitable issuance, in addition to the institutional buyers for his or her assist.
