Investment Banking and Financial Services company, Emerging Africa Capital Limited, led by one of Africa’s investment titans Toyin Sanni, has revealed that it has successfully redeemed its Series 3 commercial paper of N1.655bn. Issued last July on the FMDQ exchange as part of its N15 billion commercial paper issuance, the 180 days instrument was issued at 13% and was oversubscribed by 125%. Series IV and V, issued in October 2023 was also oversubscribed by 106%, reflecting tremendous confidence in the management of the investment group. Speaking on the completion of the series, Executive Vice Chairman/Group Chief Executive Officer of Emerging Africa Capital Limited, Toyin Sanni, expressed satisfaction and promises the group’s commitment to excellence and transparency to maintaining investors’ confidence in the group.
